Due a TR1 from a new II imho2 Apr 2020 13:30
16.4 Million 26 March Jupiter Asset Management cross below 5% threshold, report on 27th March - RNS issued 30th March
As at close of play 26th March Jupiter held less than 5% = 3.9 million, then over the following days we have:
9.8 Million 27 March
7.7 Million 30 March
4.1 Million 31 March
Total: 20.5 Million
Going by that volume I suspect another Institutional Investor who had been on the sidelines is hoovering up some of the stock, so it wouldn't surprise me if we get another TR1/Holdings RNS by a new Institution (2.1 million shares crosses the 3% threshold, remember only 78 million shares in issue). I can see this rerate quite rapidly from here as we saw with ETX , ITX et all, 8p price target going by the technicals. It may seem fat fetched (8p) but with such a tiny freefloat and strong fundamentals I think NSCI has the legs for this one. Either way, extremely undervalued at the moment with loads of news in the pipeline in a fast moving hot sector. Lastly I suspect we will also get a detailed trading update soon with possible Covid19 links.