RE: Trading Update23 Jul 2022 14:11
I commented this week that it looks like there was a placing being forward sold... the trading at marginally above the 52 week low with a volume of >10% seems like this could be likely.
ie: less than 10% of the shares were traded below this level so people are either selling at a loss or selling shares that havent yet been admitted to trading. Given the news was imo pretty substantial, you could swey with it being a placing being forward sold... ie: not many people would sell at a loss at those levels given the company is putting out positiv news.
But. to a degree it doesn't make any sense...
The sum that Coca cola will pay is in cash, so the readies would be readily available... The sum which coca cola would pay imo would not be small in relation to the market cap or the size of GILD as a whole so why would they do a placing ?
I agree as some mentioned that they would never disclose the sum in this instnace for verious reasons, including you don't want to make it look "cheap" and other brands will / would want in aswel on the back of Coca cola being involved as the level of traction and publicity could be exponential.
Not particularly been a fan of this since IPO especially as they brought out that Subway top like people would be flocking to buy a 6 inch plastered all over their top... That said I do think the news of Coca cola being involved could be the catalyst to kick this off given the reach, standing & finacnial backing it gains.
As such. Took some on Friday on the SB - even if there is a placing, imo it won't be below 1.5p and i believe will be bought into heavily enough would be over these levels in quick concession... unless of course they turn the shares into confetti which would be utterly ridiculous at this stage of the game (but it wouldn't be the first time)
My few quids worth...
Rewards outweigh the risk from this level.