There's been no negative news on this share for a long time, the only thing putting the SP down is trader sentiment because they've become aware that it's not a stock that will make them rich in 2 days.
I'm lucky enough to have bought in September time and still be in profit right now, but the most intelligent play here is to hold for the long term.
A very constructive and evidence based comment Lemon. I shall base my decision making on my VELA investment on this remarkable bit of research. Thank you
Gotham- I'm not sure I saw anything with a securitisation update by the end of April. I read that there were delays in the first issuance due to a change in the geographical framework but no confirmed dates?
'Imo the reason for the drop is it was another case of jam tomorrow when jam today had largely and reasonably been expected in the RNS.'
'Reasonably expected in the RNS...'
Does this not validate my point that this RNS was built up to something it was not? It was a trading update not a breaking news announcement such as the signing of heads of terms for Tradeflow.
Neither am I saying that this RNS should have caused a rise by the way. I'd have expected the SP to remain roughly at the same level, give or take 5%.
I thought I posted this earlier but it may not have been submitted. I tend to stay away from this Share's forum as it brings out the worst in investors/ trolls, however...
People need to look at the last RNS objectively. Without the perceived build up, did it deserve the 30% drop... no. The take home points were that there has been a potential increase in client uptake and we have appointed a CFO.
Nothing really there to result in a 30%. drop.
Now lets look at why this RNS caused a 30% drop. AZ and the PR company built it up a little and the ramping crew though Syme were going to announce the second coming of christ. Due to this build up and anticipation when the RNS was released it resulted in some investors/ traders to lose patience in the share and sell. The deramp crowd jumped on the bandwagon and helped it on its way.
There was nothing wrong with the actual RNS, if anything it was another brick to the foundations of the company and a F U to the doubters by appointing a credible CFO. Plus there was the mention of the AGM which puts to bed the TW conspiracy theorists of another FCA investigation (which in reality held no actual ground anyway).
So the 30% drop in my opinion was down to trader psychology. Let's hope the shares fall into stickier hands.