Advertised bid up 1p and advertised offer up 4p on nett buys at low volume whereas yesterday they dropped it 9% odd on similar nett sells with low volume :-)
Well... as I said low volume and high drop equals MMs after making money so know they can move the shares on. Even that red 25K shown as red last evening could have been a buy and if it was there no coincidence that Mr 25K wants shares. With so little free float it’ll go down like a stone but also go up like a rocket. Totally derisked at current price if you’re not trading it imho. GLA
The ongoing 25K daily buys continue... hopefully same buyer and if so will need a TR1 at some stage. Will soon reach a level where it’s seen a good for a trade and then we’ll see a jump back up. Personally can’t agree it will continually fall as otherwise it would have gone lower at initial trading update when it hit 28p...time will tell?
They have also entered it when the SP had fell from around £1.50 to a low of 28p so the weakness has been factored in to the starting SP which is presumably why it has now risen to just below 50p. Your talking down of this is now making me suspicious of your true intentions???!
Good luck Noggers but I just can’t see 30p based on the trading update even without news on takeover options. The trading details and in particular some of the positives regarding H2 make me believe that the ‘profit warning’ which was actually a trading warning was well over hyped and affected the SP disproportionately. Therefore a 40% + drop from current levels doesn’t make sense! All imho of course.
noggers Posted in: PHD Posts: 1,481 Price: 51.50 No Opinion RE: Expecting this to bounce back again to 60p... maybe more.28 Aug 2019 08:12 That bounce was short lived, going down now.
No idea? In fact I thought it was far better than was expected? Trading described as solid when previous RNS was saying the year had started slowly plus debt reduction plus takeover talk further confirmed so all looked very promising?