It's the Elephant in the room for sure.
But, having just done a placing, and sale and leaseback (where they paid down the pension deficit to the tune of 600k) I wonder whether they will.
TB has bought a couple of Million shares in the market over the past couple of months. Not sure he would do this if he thought he could buy a slug of placing stock at a more advantageous price.
Who knows? The World is a tricky place right now.
I wonder what Mr Banks is up to?
He sold stock last time round but claimed to have plans for IOF on his Twitter feed.
There's also the Investor Meet Company meeting on 27th May at 2pm which should be worth a watch.
Often the case when a stock is quiet.
The Market Makers will flick the price around trying to find Buy and Sell limits.
You have to remember, they make their money on the Buy/Sell spread, so if a stock isn't turning over, it isn't earning it's keep.
Mr P
If you take a look at the broader market, it 's getting smashed in. FTSE100 down 2% , Futures flat and more than a little fear creeping in.
That's why Iofina has come off after the initial mark-up this morning.
Risk off.
More often than not you see Investors/Registrars reinvesting Dividends back into the stock which can often add up to small lots of stock. Clearly, WBI is not paying any, so it could be a broker making a small adjustment trade. Or, it may be somebody investing Divis from another stock in their portfolio, so that they are fully invested in the market in general.