Day close.25 Aug 2021 20:34
Fell short of the 1,000,000 trades today not that it's material, nevertheless a solid 614,000 trades where buys outpaced sells by c.2:1 was a reflection of increasing investor interest in PAT. Accustomed as we are to an underwhelming response by the mrkt, despite 2 very significant bits of data for the company and its future prosperity, the sp didn't quite match up to the 10% gain easyp forecast but a gain of c. 4% was better than yesterday though in numerics a 1/2p gain was neither here n'or there.
Who'ever said mrkts look 12-18 months ahead has been hugely discredited in the intervening years (until they want it to of course) as we are still priced some 4p lower than the 6 month high when we were buying on a wing and many a prayer. How come the mrkt being so clever never foresaw these excellent results and priced the stock in?
Anyways, currently we are on much sounder footing from an investment POV, despite what the mrkt thinks which is baloney imo and sooner or later the sp will reflect the current bullish newsflow whether driven up by trading volumes or a paradigm shift in sentiment. I'm not one who believes this is being deliberately held back by the jobbers, that's for the birds but a mrkt cap of £12•4m looks well underpriced, no forward mrkt thinking there!
Longterm holders have much to look forward to and the near 200,000 sells today were mostly day traders looking to make a buck or two. I care not a jot about day trading outside of a passing interest, in so far as it relates to PAT and the recent news bulletins which give me great comfort that PAT is on the right path and I can sleep well at night, well for a few hours at least.
Those who have not checked out MB's two interviews on Proactive should do so tout suite particularly if you found the RNS re the funding hard to understand.
Evening all.
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