Agree but whichever II is unloading needs to finish before we see a recovery. Hopefully an RNS over the next few days showing who reduced their stake. We will see today if they finished unloading the stock or not. You wouldn’t think this was a FTSE250 company would you - question is will it recover enough to stay one 🤔 IIs unloading out of their FTSE250 funds will continue if they drop out of 250.
If an II was unloading a few million £ worth they would want to move them so SP drops
Imagine you need to sell 1 million apples you’d take what people offer to get them sold asap and get cash
Clearly this II just wanted WG off their fund books as they didn’t want more risk
Prices tend to go up when there is higher demand to buy and people don’t want to sell unless you pay the going rate
Again imagine there are only 1000 apples you have to sell and the starving population of 10000 need an apple, you’ll sell at the rate people will pay driving the price up
Clearly II was dumping and PIs buying low as too many shares and they just needed them off book
What I don’t get is ok an II was clearly unloading but how can any share drop 60% over an intraday and not one price monitoring extension was activated - that’s what’s odd - AIM I’d get it but this is FTSE250 not Mickey Mouse land 🤔
C2645sg not difficult to read 1000 messages from c2645sg saying they were going to run out of cash in October and they needed to do an equity raise through shares - not difficult too see that user c2645sg who spammed the board was totally wrong
Market cap now under £400m @ £397m 👀7 Nov 2024 14:00
Looks like AIM shenanigans has hit the main market 😂 4B revenue with outlook as expected and guidance as expected & no price monitoring extensions on such a large drop - seems 🐟