Was half expecting a TR1 this morning, as all those 1m plus trades were logged the same time, implying from the same broker, perhaps Monday, keeping an eye out for some cheapos today if the seller comes back on, 40p was his bottom yesterday, he will have to drop a bit from there if he’s got any amount to shift today imho. Top up Friday maybe.
The only similar scenario I can think of is Tomco when they sat on bad news and announced it 3 days after a placing, the broker cancelled the placing. Obviously a director just sold in a closed period, I’m expecting a resignation RNS by said director tomorrow, the company will look to distance itself, if however, the broker was to cancel the placing, expect the mother of all short squeezes here, as most were forward sold imho. That was the case with Tomco.