That is no small trade
MMs will only allow 100k to be bought < 0.80p before going NT so expect a move up shortly with any volume.
Not the 2.25m buy, however the 2x250k showing as sells were my top-ups ;-)
Breaking 0.50p, this will fly to 1p very quickly
MMs still NT to buy and asking 0.44p for 100k shares and 0.49p for 500k shares. Looks like news in coming and the MMs are short of shares, this will explode when news lands
Let's hope for some positive news in the morning and the MMs actually making a market ! ! ! !
If the MMs let anybody buy, we would break through 0.5p easily
MMs asking 0.44p for 100k shares and 0.49p for 500k shares so something has happened........
Looks like a distressed seller is dumping 500k into the rise :-( Once they finish, expect this to rerate nicely, the team are delivering on all their strategies following the purchase of CLCO and will move into the next phase in FY21.
Overview - very positive on all key metrics
Resilient trading performance delivering year-on-year revenue growth despite Covid-19 pandemic (FY19: £7.3m)
Total contract value ("TCV") signed up 97% against FY19, reflecting early successes in prioritising multi-year deals across both new and existing customers
Trading EBITDA1, a key marker for demonstrating the success of the Group's recovery to date, expected to be well ahead in H2 of the £68k achieved in H1 (FY19: loss of £235k),
Substantial cost optimisation phases complete, with trading overheads reduced
Cash positive in FY20 following decrease of £1.1m in FY19 (the Group has made use of government financial support schemes such as furlough and VAT deferral)
The book looks much stronger today which is nice, any further positive news and this could move North very quickly. Very few shares available now < 0.80p and bid has strengthened well.
MMs have just gone 0.76 / 0.775 following the latest 500k buy so hopefully the overhang may have been cleared............ previously it was 0.718 / 0.76.
Expecting a TR-1 here as well to reflect the 13,502,000 buy today unless designed to keep under threshold to try to grab more................. Fantastic recovery play and love that 3 of the key directors have put their money where their mouth is, also they heavily took part in the recent placing so a decent amount of skin in the game.
Just managed to grab 460,132 @ 0.76p - amazed that I could given the great news recently. Will have helped to mop up some more of the overhang, hopefully will get a fairer rerate once the overhang has gone.
Two Mug PIs have fallen for the MM games :-(
Love the fact the MMs delay trades and then print to try to fool the market - Fantastic price Polinvest ! ! !
Someone has been offloading over the last couple of weeks, initially in 500k chunks and in the past 24hrs a couple of 1m plus chunks. News-flow has been as promised and fantastic, however the fact that another fundraise will appear soon suppresses any gains I believe, it's difficult to know if small raises as required are best so minimise dilution or a larger one that will dilute initially but then allow SP to appreciate as news-flow arrives...........................
The news definitely deserves a better response, unfortunately other than the loyal LTHs I think other traders are wary of BOD as they know that a further raise will be necessary for the next stage of the project. Recent raises have typically been around 0.60 - 0.65p in recent times, however would hope the next one is higher.
Finally the MMs have moved the Ask up, although max buy online is 250k shares.......
500k & your 250k bought above the Ask, yet still the MMs don't move it up, still showing flat on LSE when actually up - WTF