From the "UPS" thread a bit earlier ........
UPS
CRAW 34.50p ( 34/35p )
Large fall more than half after the small profit warning, look like the bottom has been reached and buyers are back again. They have an experienced management team, able to rectify the situation as they said are doing. Improving Level 2 also as the bid is being now supported by 2 MMs
A large buy 1.2M got the MM bidding higher, yesterday I noticed that the couple of morning sells were well bought up late on the day on higher numbers, so not surprising the move up this morning after the BUY
Broker Forecast - Peel Hunt issues a broker note on Pan African Resources PLC
Peel Hunt today reaffirms its buy investment rating on Pan African Resources PLC (LON:PAF) and raised its price target to 27p (from 26p).
A very strong results and a much increase dividend
"The ... group delivered an outstanding set of results for the 2016 financial year. These results include a year of record gold production and profits and the largest dividend payment to date," said CEO Cobus Loots in a statement.
profit after taxation increased by 117.9%
EPS increased by 120.3%
final dividend 0.82338 pence per share (2015: 0.53108 pence per share)
After days of seeing the stock falling or going nowhere, today was a relief to see PAF rising
a much stronger order book has help, hope is not the end of the rise, now 18.25p
Certainly I was not expecting any share price movement but yes a MMs move, but not so, a MM must have had large amount on the books and managed to get rid of some today.
The consolation was as the day went on higher prices were paid with the last one though small amount paying full offer 0.85p
167.10p 1.20p (+0.72%)
What have change the direction on today's share price a large buy early this morning delayed, just appeared on the ticker
09:48:55
175.2625
600,000
Bought some @ 164.80p,
asking for premium on a long settlement and not many shares 741 on the order book at 164.80 offer
reasons: Had a large drop from 183p after a placing last week, should be ready to bounce from here as it gets some equilibrium at those lower prices. Current price target is 207p and EPS of 19p so on a forward PE of 8.67