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Looks like quite a short buy back going on today, prior to the update tomorrow. May be coincidence or, perhaps it will be unexpectedly strong and we'll benefit here from some read across.
*It is obviously undervalued, but market has lost confidence in board.*
Good to see a large long term holder expressing similar frustrations and thinking. Perhaps they might vote at the AGM.
*Very nice indeed :) a few more off the table lol.*
Free float is only about 25%, I think - and given that so many are underwater, I suspect it's mostly in sticky hands.
Almost 65% of the company in the hands of 3 holders.
Don't think the rise was due to the impending RNS. There's been no market reaction since its print. As has already been said, it's simply amazing that almost £3.5m of director buys - within such a short space of time, hasn't moved the SP dial at all. I assume it's because he's already a large holder.
Indeed, so that's £1.2m, across 2 purchases so far.
So, what? £3.5m within the last month?
Perhaps he wants 20%, bringing him inline with Frasers.
US futures are red hot now, so might have a decent afternoon.
Looks like it was simply responding to US data, like most of the market.
I suspect that late trade of 180,500 was Barker's - so, we'll get notification of that at some point (maybe).
Wee bounce there laddie ...
Entire volume increased around 50%, in just a couple of mins.
We really need some passive funds to pick us up. Either via a change in broker outlook and/or a rise that leads us back into the FTSE250.
Volume is pitiful - just 45,000 shares traded so far.
Lots of trades showing outside of the spread on IG. I know that spreads aren't always identical on all platforms - I've seen this myself with HSBC and IG offering different spreads at the same time, but they tend to at least be within a fraction of each other. These are quite a few points out of the range.
Perhaps someone with more knowledge than me, might shed some light on this.
Investment guru I am not...
Yes it is extraordinary.
Perhaps Barker's motives are questioned and thus do little to mitigate the perception of risk.
It does tell us that no take out discussions are taking place, otherwise barker, as an insider, wouldn't be able to buy. Also, tells us Barker remains convinced there's a bargain to be had here - even if the market refuses to recognise the value.
DYOR/GLA
Large director buy doesn't move the price at all.
I wonder if Jose bought whether the market would react differently - even though Barker will be looking at exactly the same figures etc...
Not shy about coming forward.
Question is whether this is his:
02-May-24 16:37:44 349.509 181,500 Buy* 350.00 351.40 634.36k
My money is on yes, but we should find out today.
930 shares traded in 45mins.
Amazing, really.
Just a robot / troll account - best ignored (if for nothing more than personal sanity).
Will the pattern continue today or will there be a reprieve?
On another note, recent data does seem to be suggesting that improvements to the broad economic / macro situation seem to be slowing, if not reversing (yet). Rate cuts may not come as quickly as one might have hoped.
Really need the middle east situation to be resolved and the Ukrainians to strike a deal. From a purely selfish point of view of course...
But back, I should say!
May increase still. As long as the risk is here, volumes are minimal and the technicals are dismal, it’s a no brainier for the the robots they deploy. But yes they might get caught out by a bid. QUBE are stuck in DARK as we speak. Taking them quite a while to sell down.
It will break out of this - one way or another - just a matter of time.
Haha
Same daily patterns. No doubt a bit of a recovery later, leaving us down slightly on the day. Question really is how low does it go before news or the technical signals suggest it's time for a bounce.
Thanks.
Such a strange situation here. Perhaps a capital event before the Sept/Oct results.