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Story in Times might be something to do with it.
"Energy suppliers are on course to file a record number of winding-up petitions against business customers this year as companies struggle with soaring energy costs. There have been more than 400 attempts by suppliers to shut down companies to reclaim their energy debts over the past decade, according to court filings. The vast majority were made by British Gas, Eon and npower, now part of Eon. - The Times"
https://www.lse.co.uk/news/tuesday-newspaper-round-up-house-sales-amazon-energy-suppliers-hsmu00qojkrj98o.html
"Can now get a quote for 1.5m. It shouldn't be that easy to buy 3% of a company in a single trade. Just factor it in to any decision making."
Wonder if there'll be a flurry of RNS on holdings.
"If there is zero chance of any recovery, why has everyone not sold all there shares either previously or this morning with the Update??????"
There will be quite a few instances where the dealing cost would be more than the holding is currently worth.
That makes it more cost-effective just to let them get delisted.
I'm just surprised there isn't more interest in this share.
It has something for everyone - big swings on no news, large delayed trades for the manipulation theorists, small 1,3,5 trades for the code theorists. Multi-bagger for LTHs. It even pays a small dividend.
I got some of these on Friday at just under 33p.
I regularly walk past a fairly new depot which seems busy, which prompted me to take a look at the company.
I'm hoping for a retrace to about the 40p level now the problem looks fixed.
Needs someone with Level 2 to take a look.
Seems to be a regular thing with YOU, large trades around the mid, and often reported late.
I wonder if it's day traders taking advantage of the large quoted spread and getting good prices well within it.
This is a good explanation of SETS.
https://www.proactiveinvestors.co.uk/companies/news/81/idiots-guide-to-the-london-stock-exchanges-setsmm-0379.html