Whole retail sector showed bad results. Supergroup already produced a trading statement in November so the money was all in she share on the day of results. Profit taking and people being scared due to the sector pushed the price down.
Large short sellers are pushing this down anyway. It will come back up to £1700-1750 levels in a couple of months. Blame short sellers. Price will go down again on ex dividend day 20th January.
15:05 the price is down 56.5 points, no news on the share, except for Macro economics, the budget, Greece and China debacle. What the F**k is going on?
That all depends on full year results in two weeks, if they thrash the expected £60-£65 million profits forecast. Interim Dividend broadcast to be paid in 2016.
Ticker report, watch list news etc. are all ramping oriel securities story of the 9.30 target. The story first came pit on the 17th June. These bas*****s are pumping old news so stupid investors get scared. Whoever is pushing this down will make a lot of money when they reverse it!
There is no reason for this going down other than manipulation. A series of 300-400k trades by a series of different covert companies (all controlled by one main one) would do the trick, which is what we are seeing, in bringing this price the opposite direction of where it wants to go.
I smell a rat with this share and the manipulation that is going on. Brokers and investment companies regulation need to be tighter. No reason at all, for the fall.
combined sell of around 1.5 million shares with the big sells. Regardless of the manipulation, this share wants to go upwards... It would be good to find out which institutions are orchestrating this downward push. Time to inform the SFA/FCA.