RE: directors bought at 25p4 May 2023 09:58
122 million shares (small for AIM) in issue and around 40% of these are in sticky hands (Directors and other II’s) If I remember correctly from previous research, it only leaves 77 million in free float.
A lot of these are in the hands of people like me (held for around 2 years) holding out for a price much higher than the current SP.
For a decent length of time, we have seen more days than not where buys have outweighed sells, basically the MM’s can’t be holding a great deal of tradable shares.
As seen in the past, this is why when this moves it moves very well and fast.
A good RNS and I think we will see this really fly and with a good looking pipeline of products coming this way it should maintain a significantly higher SP this time around.