Member Info for JPP8788

I have never seen a placing at 1.25x previous day SP.

For the MM's not to then mark it up to 7p this morning... massive oversight on their part.

This will get taken out today - mark my words.

52 Week High 8.25

52 Week High Date 12-Aug-2024

Very possible we break that year high this week.

Can't see too much downside here.

125% premium placing to fund acquisition...

Shouldn't be anywhere near 3p

Could be support.... may bounce from here

Price action suggests MMs are short of shares here- large but order needs filling?

Agree 💯

Looks like 23-25p is on the cards over the coming sessions

Dont think you'll see sub 13p for very long here

I've closely watched L2 for the first 30 minutes and very interesting!

Load up - going north!

Today will be fun! 😀

Not sure that's seller out - does that not just reflect the updated %'s based on the new total amount of shares in issue?

Nearly 10% dilution.

BOD don't even yet have the authority to allot. Clearly desperate to get a placing away at 0.11 to make the most of the recent rise.

£51k buy just popped up at 204.

Canaccord reducing down - maybe more TR1's to follow...

Besides all the charting evidence, which is compelling, there's another very good reason this represents value.

Quite simply - this was consistently traded at around the 400p mark for a long period of time - the mcap has halved in 2 trading days, blowing £60m off it. The RNS we got on Monday does not justify a £60m drop in valuation.

I also see 300p as fair value.

Almost an identical pattern to hVivo last week.

Same drop today (38%) as Trellus whose RNS this morning warns of need for funding and risk of wind-up.

This will recover.

"The transformational global OEM agreement is progressing well, which alongside our increased focus on the US market and growing customer adoption of our powerful AI-powered offerings, provides confidence in the return to double digit growth and 20% adjusted EBITDA margin in FY27, and the achievement of our medium-term milestones of £100m revenue and at least 30% adjusted EBITDA margin."

220p looks an absolute gift of a price.

Looks like a hvivo style of overreaction to me!

Looks cheap Vs SP from 3/6/12 months ago

MM's look like they're short here...