Prediction30 Nov 2020 08:52
Although the price has just spiked a bit I don’t think much will happen for a couple of days till the consolidation is done,but then I think it will rocket on good news, I’ll state my reasons below.
Years ago a family I know personally floated Matalan, the family held 86% of the shares.
With only 14% of the shares being in the ‘free market’ they were in short supply, consequently the share price would get ‘squeezed up’ on any good news, the market makers would be bidding you if they knew you had stock, this of course meant the market cap went ridiculously high, so the family in control would release another 5% here a & there.
Made the Matalan family billionaires, or rather John Hargreaves the founder a billionaire.
I can see the same happening with AM, most of the shares being tightly controlled by Stroll & co, supply being short when demand is high, the ‘tight squeeze’ is coming.