Nice climb11 May 2018 23:06
Twix - I can't disagree with much of what you say apart from the TO option. I just don't see how that plays into this, especially with this recent rise. This is no mediocre rise, 100% in two weeks. If the MM's already know what's in the RNS, they may be trying to create a marker position at some point, maybe 10, 12, 15 wherever, a leaping point in order to precede a major event (i.e. RNS). I've seen this a few times with other shares in the past where the market foresees a meteoric rise so they increase the price rapidly to avoid a one off rerate. They don't earn from an auto rerate. They only earn from the paced and controlled rise. I believe they have already got wind of the figures and are planning a rise of 100% or more. when news hits. that could bring us up to around 30p with only a 100% jump.
The news could contain along with BE, an offer from Premaitha to pull out of the UK if they sign up to no litigation in Europe. I can't say they are in any position to make demands, but the UK is quite a prize and Illumina could be tempted. The waiving of litigation is certainly a killer punch as far as a shock result is concerned and we may be lucky. Apart from all this, there is without doubt big news coming and I can't see it being in any way negative.