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Price dropped to 29 region off of no volume, now 32!
sorry should have said CEO and OD have 180 day lock in period, not the new shareholders!
as far as I understand its not a traditional placing (where company issues new shares). In this example, its a case of the CEO selling his holdings to the market (via brokers) to raise funds for himself. Company has not received any monies nor increased its shares. Plus the new holders have 180 lock in period! It sets a 30p floor, and if over subscribed is a clear of confidence!
Movement in Share Price
88 Energy Ltd (AIM/ASX:88E) notes the recent rise in the Company's share price and the Board confirms that it is not aware of any specific reason for this increase.
As announced on 11 March 2021, the Company recently commenced drilling of the Merlin-1 exploration well in the NPR-A region of the North Slope of Alaska. Drilling operations are proceeding according to plan with the well currently drilling ahead at 1,340 feet.
Share Price Movement
The Board of Triad Group Plc notes the recent movement in the Company's share price and confirms that it knows of no commercial or operational reason which may be driving the increase.
wow look at all these late buys!
interesting late trades
what a joke... from +50% in the morning to -10% now
Actually profit is a relatively subjective term and takes into various factors (such as the amendment the company for accounting errors). Cash is king, if which YU. Has plenty!
That 754.20k sell probably explains why the price didn't go over 31p, yet didnt drop below 30p, as they were filling that order. I think this will be the support, and the price will consolidate from there onwards... IMHO and Always DYOR!
proactiveinvestors.co.uk/news/details/217888/jersey-oil-and-gass-recent-share-plunge-could-be-overdone-along-with-other-small-cap-oilers-217888.html
you are right to assume that, but speaking from a technical point, this is very oversold and one positive RNS could change the downwards trend and bring the bulls back in control to set up a recovery in the short term
FFS more lower lows, we need some positive RNSs asap to reverse the trend
84k buy just printed... Oh and get lost you deramper rocker1
*detective work
good detective Strongman, so it was Liontrust as you suspected!
I've been looking into that too recently. What broker would you recommend?
bye dont let the door hit you on the way out
AIM is a complete joke! how could it be 15% down after last Fridays RNS? Taking it down on each sell
Lots of large-ish buys but no change in share price. Strange