Couple of weeks31 Oct 2020 09:24
Well what a couple of weeks down 50p from its high and quite honestly we couldn't have done worse if we had suffered another placing - at least we would of raised millions for further expansion! This has been like the aftermath of a placing anyway with an institution dumping shares but what steps did the company take to find a home for these shares and what has the house broker been doing.My word there was no trouble finding institutions to take part in the placing earlier in the year as it was heavily oversubscribed and surely with the all the testing possibilities this company has to offer in the middle of a pandemic it shouldn't of been beyond the house broker to find a home for Legal and General shares.
It certainly would of been in CK's interest because I can only imagine the number of emails that of been flooding in over the last few days ,not because of any bad news ,but because the mm's have a glut of shares to sell and have taken the SP down to accommodate them. I have not sold any shares and have added to my holding ,but I find it deeply frustrating that we have had now 2 speeding tickets and a large institution selling depressing the Sp all of which could of been avoided! This company has gone from strength to strength and should be promoting its achievements from the rooftops! We already have one hand tied behind our back at the moment and yes we on here know what has been achieved ,but its time to let a few more know!