RE: Strong bounce expected…..11 Jul 2022 10:12
TGP Thursday close 7p, on Friday hit 17p. I'd say CSFS update pretty similar, strong turnover growth. Thing is here the market cap was only £1.9 mil and even on a 40% rise it's just around £2.5 mil, for that growth it should recover a lot of lost ground especially as the they have cooled down funding requirements that tanked the price a few weeks ago.
Like TGP it will be up and down all over the place as the mm's play the jittery traders, already quite a few people have bought and sold for a loss without giving it a chance, they did the same in TGP early doors on Friday and then it went nuts.
I have a 15-20p target, if it gets there today great but I'm going to hold regardless until it does get to those numbers