RE: Short squeeze??4 Jan 2024 15:50
Vinnie
It’s noticeable that sellers are met with some decent buys which indicates someone is building up a stake. Just my opinion but it’s noticeable that amounts of 50,000 are appearing regularly.
I also must alert us to the fact that nearly a year ago a resolution was passed allowing a 10% buyback. Any mention of this in the statement from Penny along with results will cause a huge squeeze. The sad thing is MHC could have bought them 50% cheaper prior to 27th December