RE: SP13 Jun 2022 10:54
Yachtmaster
“ Maybe they received a large tax bill and need the money.”
I give up with you lot. Clutching at straws to substantiate a flawed concept, whether they make sense or not.
Tax deadlines are the end of January and July. Every year it’s the same. Why anyone would panic sell now, to pay tax in six weeks time, I have no idea, but I expect someone will proffer some further lame theory.
Maybe some investors are watching US TV, where they are all shrieking about recession? Or how about the MMs trying a little tree shake to buy stock, or even more likely, scalpers talking their own book to make £50?
I don’t doubt that some placees sold their placing shares and kept the warrants, but nobody waits weeks, just to sell days before game-changing news.