RE: RNS17 Dec 2020 19:07
Agree with you both.
J Hays a stunt or knowledge but only the first part of it, the experts in no way expected to sell a huge amount on yesterday’s news. In all honesty even I was flat pre 8am on that RNS and I never expected to see 53p and hold 50p. Part 2 to come, which is the biggie, I don’t know what day but I am certain before Xmas as BGF will want out in my opinion prior to 31st.
Clark, you need vast sells for vast buys, if the news is good, MMs mark up the company’s value in relation to that at best estimate. Peel will want to sell BGF shares and have new buyers to make £, GDR makes, BGF makes, Peel makes, the SP will rise. Then when BGF gone if the contract are reoccurring the SP will rise as money rolls in.
What makes PIs to buy, a rising SP, FOMO, news’s and hype. In theory. Over to you Magsy/Daltron