I have been patient with this share for some while now, with over 150k shares invested, but am at a loss to understand why mms seem to keep the sp so low, in the face of what seems to be good positive news and the high likelihood of growing online interest in increasingly affluent India. Patience here may bear fruit, but there have been many dawns, and as yet few days..
Yes a weird share this, with a very large spread at times. Seems to be a punt for short term traders, buy under 700, sell over 725. Fundamentally showing huge potential, though, with now no debt problems and potentially exciting times ahead. Long term the rewards should be there, though, as so often with small pharma companies, the worm seems to turn slowly..
I agree. With all the supposed good news, the funding, and what I assumed was positive voting on the resolutions, down, down and down. At what point do we see the turnaround, or will there be some indication that all is not well?....
“Significant value for shareholders”. Yes, if Medco devotees bought at 33p. This is a dreadful example of market manipulation, when results show that the company was not doing badly. The positive spin in the RNS of 65% profit from that low base is a regrettable distortion. Many shareholders will have lost a significant amount of money..
“Advanced talks” not necessarily the same as done deal imo. If you reject 48p after good results, and broker estimates up to 90p, it makes absolutely no sense to settle at 55p. Stitch up or brainless..