RE: 56 support. if forward sold then vols y'day and today might have almost cleared them.27 Feb 2024 17:17
All placings are underhand! if they were telegraphed they'd be the worse for it as fundraises are almost always at a discount. the last thing you want is a fundraise on a falling share price. and, spikes are required to sell the placed shares as funders don't hold. they want their easy money. the shock of the placing price always dips the price but, if it's for a sensible sum and pitched at a reasonable price, the dip'll be taken out in days. the results are still fresh in everyone's head so, of the two price, 75p and 50p, i know which way i anticipate them gravitating to.
and it's always better to have cash in the bank rather than looking for it if the revenue stalls.