My theory on SP5 Oct 2023 15:28
Clue for me was the holdings RNS after hours the other day. Seneca partners reduced from 5.7 to 4.9 per cent. Just @ theory but either they or another institution, maybe if not a life science fund are reducing. You may ask why? Think about it, this has multi bagged so a fund would have to reduce/sell to rebalance the percentage allocations in the funds portfolio. They may have no choice.
So imho it’s either a fund/funds cashing out or reducing to rebalance their PF.
The trolls would have you think it’s something fundamental. It’s 100% NOT fundamentals.
Fundamentals are looking fantastic going forward. Once this fund/funds have finished this will be unrestrained. That could happen tomorrow, next week, it matters not if you have any more than a very short term outlook!
If you are a HOLDER HOLD or ADD.