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Very fair analysis. Board and broker resemble rabbits caught in headlights. Should be much less passive.
Meanwhile, a tempting, cheapo takeover target for the likes of Bracco?
It would be good if sp finally found a floor. Then pi’s could start buying again. Meanwhile the ‘falling blade’ maxim is in full application.
Some lucky punters must have made quite a nice little earner buying near the ridiculous bottom.
And your point is?
As I have often commented on this website, the market always over-reacts to news - good or bade - in the short term. Better to wait a few days for the euphoria, or in this case gloom and doom, to subside. Beware too the dead cat bounce, another reason to wait.
Aa for me, I still think this is a sound business with an excellent dividend. I’m holding.
The chairman’s introduction to the results is refreshIng in that it is honest, direct and reads as if it was written by a human being rather than a pr automaton.
Market reaction first thing is to mark Jarvis down heavily - but on very light volume. I’m not selling even a single share.
Low volume, but all sells. No one is buying. Where are the directors, to show some confidence in their own product?
This is one of my top two holdings, and also the worst performing. There must be a floor at some point, and I am prepared to invest a modest further amount. But ‘never catch a falling knife’ is a potent deterrent. Anyone got an idea of where the low point lies?
Panic selling. But where are the director buys?
Mind you, volume is tiny. Sells and buys today total less than £53k.
And down more than 14% today - for the same reason?
Up more than 8% today. Some people always seem to have inside knowledge. Perhaps an RNS due, giving the financial all clear - and a big boost to the sp??
Only speculation on my part, but I would welcome some good news as I am heavily invested in the debacle that is Polx: great product, exceptionally inept management.
I’m surprised there are no short positions. Is there a reason for this?
The management of Polx are blundering bunglers in terms of investor relations. How could they have possibly thought that such a mishandled presentation was a good idea? What a shower!
The market always over reacts initially, up or down. Remember that the sp hit over 70p shortly after FDA approval was announced. I regard this rns as a sensible statement of the obvious: no jam today but plenty of jam down the road. No need to panic.
The forces of darkness (ie the sellers intent on pushing the sp down for whatever reason) have had a good day. But not for long, I hope.
Any source or specificity? Or just a rumour plucked out of the ether?
Not so far - thank god.
Quite a wild swing on the pay - more than 11% from low to high! Wish I had bought at the lows, but I’m considerably over weighted already.
SP fighting valiantly against the forces of darkness. Buys exceed sells. Might be in blue by close (but, sadly, not 100p)?