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Yeah, think many people either hoped to make a quick profit on a floatation spike or many didn't get the volume they wanted so sacked their small amount and invested elsewhere. I don't see this as a multi-bagger but I invested because I think the company will grow in the near to mid term and because the plans and profit forecast all sound favourable. The latest marketing campaign shows the companies intent to invest and draw in more custom so all in all looking positive for the future. Don't expect much to happen in the next couple of weeks but once the results are published (late April maybe?) there should be a healthy tick up in the SP - at least I think so! GLA.
amongst lots of predominantly small sells. Suspect that the 'serious' investors are topping up on stock as it becomes available. Aren't financial results due out this month? If so be interesting to see what happens to the SP around then!
/ interest for this not to tick back up today. Just needs to settle down which will probably take most of the morning. I would guess it will then stabilise(ish) toward the end of the week but get interesting again on Monday when the general public start diving in to top up ISAs etc. I'm in here as an investor not on the hopes of a quick few quid from an opening day hype. Having read the companies PF and done my own research(!!!!) I think this will see a slow but steady rise once the intitial floatation hype dies off. Very strong investment plans and although it's sad to see, small pet shops just won't be able to compete in the end same as small grocers and butchers versus supermarkets. Anyway, time will tell. GLA!
this to be volatile first thing today. Need to wait until late mornign for things to settle and we should start to see where the SP is heading for its opening day then. I'm not convinced that all of those sells showing up are actually sells mind you, particularly given that they're below the offer price. Anyway, patience and lets see where it goes! GLA.