RE: Tomorrow19 Mar 2025 17:37
Hi Tiger16,
I'm only reporting the facts, I've no idea why the seller wanted out at virtually any price & neither did the company hence its RNS on the sharp drop in the share price. The other seller was quite aggressive to.
I'm not saying this is true in this case, but I have heard of instances where some of the foreign shareholding insto's are only allowed to be invested in company's with a minimum market cap of X amount. so if that's breached they maybe forced to exist the investment within so many days & if both were in the same position then you can just imagine them both scrambling to get out & find anyone willing to take the shares.
Even when there were clearly buyers there, they just sold didn't try to let the price rise a bit & get a better price it was like out at any price!
As for tomorrow, who knows what will happen, it could be up, or down or stay the same, there are only 172M shares in issue & if you look back at the chart it can move on very little volume so I'd expect to see a lot of movement tomorrow, a lot of people have good healthy profits, but they are also aware of just how quickly this has fallen for no real reason other than those 2 insto's wanting out .............
Spend your time tonight looking at the recent RNS's that should help you in making good decisions & show just how quickly things moved!
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Fonzi99 yes that the conference 27-29th next week & the company are doing drinks!
LOTM