BoD16 May 2021 22:58
Over the weekend you have been trying to rationalise what is going on, you can't because those that may been working against you are hiding their activity. I don't know who is pushing the SP down, can only guess like everyone else.
But I repeat what I have said multiple times the BoD are ultimately responsible - they create or a least allow the environment to persist whilst this happens.
I suspect most would agree this is far from a simple puzzle and IMO there are multiple causes now, shorting], MMs, lack of management action.
But this post is about one other contributory factor, and a root cause IMO, "Options".
Having looked at the grant of options over the past few years I believe the management and employee interests are no longer in alignment with ours in the short term. If there are going to be new options this year then the low SP is great for them, and any good news is best issued later from their viewpoint. They tend to be issued this time of year and are a huge problem, because of the blunder when the exercise price for previous years options was reduced massively to 75p. Who is to say they won't do it again
If I had paid £4/share, I would have been livid, I suspect it was too much for some, especially as they said it was to secure shareholder value. Are they having a laugh.