RE: Great Trading Update8 Jan 2025 08:58
MS don't buy £1m additional holdings because they expect tomorrow to go up.
They buy based on Outlook, forward earnings, etc.
As far as they're concerned this company is very much on the turnaround and the drop from 1000p to 40p over the last few years is just beginning to reverse.
No extra shares in issue since then by the way.
Directors have bought over £2m worth in the last few weeks too.
Hefty buys right up to 130p yesterday. Expect to see more block buys down here.
They're just waiting to see if anyone will sell to them down here before next leg up