RE: Forrest21 Apr 2023 20:23
Singhie 17:59
I reject your null hypothesis. Market Makers are not investors they simply make money on transaction fees & the difference in the spread. They certainly wouldn’t be spending nearly £2m awaiting good results incoming. (For what is worth: I’m very bullish on results).
Paul Forest’s previous ‘sell’ RNS dated 18/04 states that he had sold 16.5m shares on the 14/04.
Therefor, his latest sale of ~108m shares have arisen since then.
The total volume of all shares traded (all buys and sells combined) from today going back to including the 14/04, has totalled ~164m, and the total value of all these trades has been ~£2.8m, which gives an average share price of ~1.71p.
The 107.75m shares sold, also represents 3% of all shares - TR1 coming?
I would hypothesise that these shares have actually been sold privately. To whom unknown at present.