RE: SP Drifting25 Apr 2024 10:06
Andy..there was always going to be a retrace as the froth from update dies down.
If there is a prolonged period of no news ..like there normally is then you will see the so drift down
The traders have had their fun...and the shrewd will already be out and ready for the next opportunity.
As for 4 p placing shares...lse is currently only showing 5 trades of £3 k in total. These won't be the placing shares
Believe me it will take what seems an eternity to get through the gazillion..especially as there is nothing really to drive the so north of 4p at the moment.
Their was froth from the news of first profit in years ...but this is not an exciting aim share like a mine or oil field with results coming .
It is a lot of jam tomorrow with yearly sales of £10 m or whatever it was a year. Barely into profit from the " expected," comment