RE: Strong performance15 Oct 2020 18:02
@Eva I do agree that there will/could be some further down days to come, but with a placing there are always a lot of people waiting on the sidelines, hoping to pick up shares on the cheap when the share price usually drops below the placing price. But if this doesn't happen, then these people on the sidelines know the value of the company, they want in and will have to buy in at a higher price.
There was clearly huge demand for shares today, with the placing filled before the market even opened and any shares under £2 getting hooved up pretty fast. The news released with the placing was huge, outlining a clear path towards approval, increasing manufacturing capacity and starting to generate significant revenue.