Feels more like a punt trade though opened position today. Simply based on chart and technicals. Plus seems all buys being marked as sells on lse website... though nothing new here.
Traded this recent rise . Had a position with average slightly above 2p. 2.45p sold. Now started building another position with small buy today. Historicly these levels seem to work as a turn around point. Dyor and gla
Based on chart I added couple small lots just now. 73.95 and slightly above. Gap left after update think is filled now. Lets see where it moves next. Lets hope for some north direction here :)
Say whatever you want but flood market with 50% extra shares wont be welcome. Ok they bought these cheaper though as retail investor I can only see 50% dilution here. Rather wait and get some way bellow retail offer price later on...
Its the seller ,who trying to offload shares, keeps price lower. Either they sell out or stop selling and price should easily rerate. AA i think its doing fairly well comparing to other road assistance companies.