It was September last year that the acquisition dropped. Results last year came at the end of the month. Timingwise, my novice understanding of charting seems to point towards the around the dates mentioned that a clear future direction will present itself.
Has been range bound for a while. Looks to be just MM churn at the moment. In my opinion this now just needs to close above 255 to break the downtrend line on the technicals. Trading range wedge is becoming tight though, so something likely to happen by 9/9. Any hint of positive news from the company before then should help break above that downtrend line. Price looks well supported below 240.
I noticed that too and then no price data feed at all after 11:10am. Price data feed failure didn’t just happen on lse but also on Tradingview. Tradingview is showing the closing price as 243 yet London Stock Exchange website showing as 257.5 with spread of 250/265.
Hopefully today's drop is just the market retesting 260 following the break above it on Wednesday. Break 300 and I believe this should quickly chase up to test 400 which could happen within the next 4-5 weeks. I'm just sitting tight. Already know this is worth holding onto.
I was expecting 280 to be printed and then any large quantity buys being locked out whilst this chases back to £4 and beyond. Will see what happens. I think plenty who have recently sold out are watching this very closely with an intention to jump back in when it moves.
Plus £94M of contracted revenue already booked for 2021! Excellent considering we have only just entered February and 2020 total revenue forecast estimated to be £100M. Final 2020 YE accounts to be published towards the end of March 2021. Fingers crossed we have some more good news in the interim.