Different World28 Jul 2020 12:09
First thing to understand, there are 106 million shares but the vast majority are held by Directors or institutions and are not on the market so the free trading float is a few million shares. So when we get a surge like last week it sends the share price shooting straight up. I personally bought in June, I have a 5p average and top sliced last week to take out my original stake and have well over half of my original shares still held.
If you paid 30, 40, 50p a share then I feel for you and it is going to be uncomfortable for a while but the business is solid and growing fast. Things are happening here and the next piece of good news will send the shares skyward once more. Any share is ultimately worth what people will pay for it but the fundamentals here mean the company value is higher than 9p a share. It is currently one of the best bargains on AIM in my opinion.