Impending RNS?13 Feb 2021 21:55
With such a huge rise in the share price in one day .. and for a company normally experiencing minimal daily trades ... it was interesting that the Stock Exchange didn't successfully exert the company to make a statement yesterday.
If the rise had no substance, then surely the company under any pressure would freely broadcast that there was no reason for the rise.
Then why the hold back? Did RGP suggest to the authorities that something was in the wings, and if giving them time, RGP would release the info on, say, Monday?
We'll know on Monday maybe.
Shares like RGP can be vicious little so- and - so's, but maybe acting in your favour.
Going back I bought thinly traded PYC in 2009 at around 2p. The shares dropped in value and languished for ages.
Modest but consistent contracts developed in 2017. My share price in 2017 moved up to 2p then slid back to around 1p,. But things erupted in November with a contract gained with Merck.
On November 28th 2017 the share price surged. I was so pleased to get my money back at over 2p a share.
NEXT DAY THE SHARES TOUCHED 32p INTRA DAY!!!
To use an expression "I felt truly gutted."
A long way back, invested in RGP at 4.5p in 2004, are things looking up here for me this time round? My urge will be to break even at 4.5p or will I be doing wrong in the light of the PYC experience?
Suggestions welcome