With the exception of the big rise thursday....18 Jan 2021 08:29
when was the last time this share traded outside the 3% 7% spread ??? What we have here is a buyer or buyers @ anything in the 29's and low 30's and probably a fund playing scalper to keep a lid on it until they have loaded up OR news drops! Consider this, if you have your core holding and you want an opportunity to double up on news day/leak day, what better way than to create a buffer by parking sell orders @ 31.5 and buy them back @ 29.5 ?? This way you create a 25% buffer ish on what you paid 38p/40p for eg to allow for you to double up come news day in pre or post trading, trading! Any minute losses you incur doing so ( probably don't anyway )scalping to control the sp are deductible anyway and are minuscule compared to the risk free profit to be made by creating the buffer.
Unless a rumour gathers traction or news drops we will continue in this band, and as always the first real indicator of news will be big boys "suddenly deciding to weigh in large" gla