I've been buying ... This is is a no brainer ... You are correct and WSX was up over 8p yesterday... NAV here is even higher ... ...1.5p? With the company either returning capital to shareholders or a new asset... However they paid a divi last time in WSX shares which are worth more than the market cap...plus cash and other assets...
no they sold ... read it again
they crossed down under 5%....
before the triggering transaction 5,620,776
after not reportable so they are at worse case just below 3%
What was the trade volume last week....
You can probably pick out their sells on Monday...now we need to know are they selling out entirely and how many they have left!
yeh i know
I tink there is an overhang or a seller ... look at the volume over the last year... yesterdays was one of the highest... I don;'t think its profit taking after the rise ...most were in at over 3p so are sitting on a small loss...
selfishly I hope they hang around until I;ve flogged my "spare" kidney on ebay to load up!!
I know ... nobody cares - most seem to have been brainwashed into looking for mm codes ... as a 33,000 gbp buy is not a mm code ....or 1.25% of the company at 0.49p vs 1.4p nav in a company that has said it might return capital to shareholders and has done so in the recent past... best ignore the large buy and concentrate on the "mm codes"
that is a significant and noteworthy buy and has been filled over several days or longer
635k dump at 3.0528p just reported
I suspect there was a seller at work yesterday hence the muted rise...so the play here is to buy value in the face of a determined seller....news should rerate this but yesterday it should have gone up more and stayed up!!!
the balance sheet suggests over 4p n cash but 10p in plant and equipment....
nav is more like 13-14p .... if the creditors take the brave decision to approve the sale to get their cash back plus interest....(-;