RE: M&G19 Jun 2020 19:24
There are definitely plenty of good opportunities out there at the moment, but i think the main thing is that they are just simply protecting their capital, when a company puts in to question if it can "continue as a going concern" the responsible fund will always sell out, probably because its turned from investment to gamble.
They started off loading after the following was put into the trading statement.
"08 June 2020
The Company is still assessing its future funding requirements should the Disposal not proceed to enable it to continue as a going concern beyond 31 July 2020 and will issue an updated trading statement in the last week of June 2020."
date crossed date notified % RNS date
10/06/2020 12/06/2020 18.22 Monday 15/6/20
11/06/2020 15/06/2020 17.32 Tuesday 16/6/20
12/06/2020 16/06/2020 14.93 Tuesday 16/6/20
16/06/2020 18/06/2020 13.44 Friday 19/6/20
17 - 18 - 19 probably shifted another couple %, ~10-11%