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Amazing, if the only lagging negativity here was strike related (which given the small volumes I guess it could be), this could have a very nice rebound tomorrow. Fingers crossed.

True JG. Hopefully that positive sentiment will hold and will travel across here for the morning. This drop is once again hugely overdone and is incredible with no direct news, but that's the price for a low free float and heavy short interest.

Looks like the uncrossing trade is at the low of the day. If there is good news to share, let's hope they drop it before the market opens in the morning.

Changeofpace. It's actually worse than most banks I follow, but I think this is the shorts flexing their muscles again and taking advantage of the negative market sentiment.

It wouldn't surprise me if we get report of another increase on Friday which drove this lower today.

Ironically the US market looks OK at the moment though so if it holds we could see buyers back again tomorrow.

They get it as part of their package though and even that hasn't come through.

Like I say might not be a buyout, but seems really interesting there's nothing at these levels and they are allowed to buy now. There must be something they know which prevents them making these purchases.

Hi Wealth, why is there another holding period?

Sorry I don't mean there is a massive frequency of director buys, but when they happen they tend to be right after results and that hasn't been the case this time.

For the last 4 years it has happened with 2 weeks of results by the look of things

Just to expand.

Imagine if they received their shares at these prices now, knowing there was a potential takeover offer at £2.50. There would be a huge outcry.

I'm not saying it's definitely a takeover offer, but it feels like there is something that's stopping this happening.

You'd imagine the same would apply to institutions who have been "sounded out" by the potential purchasers.

JG, all the trades tend to come just after results. Look at the director buys last year. The first were the day after results as they are part of their remuneration package.

If it's part of their package then there is no reason not to give it to them, unless it would be considered insider trading because they know something we don't.

The results thankfully removed the doubt that was associated with the above. I'm getting more and more convinced there's positive inside information here that's stopping them from buying until it's published.

In my view news could drop at any time and today is an amazing opportunity for anyone not in as this has tanked on market sentiment alone and it's actually one of the biggest fallers, despite not being a bank or tech stock!

Stormer, this stock has not been on a run that requires pullback. It's still close to it's lows and just had a really positive trading update which is whereas the rest of the market is 50-100% up already.

That's why I personally feel this presents better value.

Today we've seen a drop of 5% on a trade of just 0.1% of the stock here.

Great buy in price for those who follow Peel Hunt recommendations as there target is 215 following the last trading update.

You only have to look at the tiny volumes here to see how this is being played again.

4% move on less than 200k shares traded

Peel Hunt shared one. It's on the link I shared at the start of this thread.

They upgraded from Hold to Buy too

They went up more than First. Also had a broker upgrade with a target of 225. There's still a lot of value at and above these prices.

Plus I'm convinced there is insider good news that's preventing the director buys right now. That could land at any time.

SVB was what hit the market on Friday and this was up then so I live in hope that we'll see a positive week this week.

Saw this article this morning, which also claims that UBS adjusted their target price to 2.00 in January. That's the first I've heard of that one. I'm not sure if that rating will change again post results or even if this is an error as I haven't seen it anywhere else?

https://www.defenseworld.net/2023/03/12/national-express-group-otcmktsnxpgf-stock-rating-upgraded-by-peel-hunt.html

The article I shared is more recent (it was a leather document). Moventis announced at the same time as the more recent article, it wouldn't surprise me if the delay here is just contractual wranglings with Alsa.

It doesn't at all, it's saying they won it. There were 3 lots and Alsa won the biggest one.