RE: No one is listening13 May 2020 12:26
Safy - The news up until date has been informative and painting a picture of where the company is heading. The share price arrives at a level whereby people are happy with the risk reward the trading range 55-75 seems to suit all the factors currently in play, time to results, sellers, buyers etc.
The closer we get to June the trading range might change as the window of getting in before news closes.
Once we get an RNS with information on Licensing Agreements etc this will crystalise the value here and it will not matter where the share price started from.
I hate using NCYT as an example but they peaked at £5 on rumour and excitement they are now hovering round £4 off the back of several RNS's which have financial information in so the point i'm trying to make is the fair price will be found when all news is in play regardless of starting share price.