Nature of the very tight free float. This is a pull back before the inevitable next leg higher.6 Jun 2024 18:21
Back in March CABP had a pull back from 115p back to 90p, similar musings at the time, and then 4th of April BOOM, EU license granted.
Today 0.4% of total shares were traded, equal buys vs Sells, but 6% down 🤔 😂
IMO Institutions are loading up, not many were selling with the gradual rise, so they've gone for the ultimate smash and grab instead! Unsuspecting PI's will have been washed away and all stop losses well and truly hit. A game of psychology nowadays.
Helios/Goldman Sachs/Working Capital Advisors/BOD/other Institutions who all own over 80%+ of all shares in issue, are not going to sell, they are actually loading up if you look at the share register, this move is only to shake out the few PI's before the bigger move up. Shorters are also reducing!
With a tight free float, unfortunately you get volatility, can work both ways!
Every single share of mine firmly locked up for minimum 18months. Happy to have Increased my holdings in CABP by 34% this week, and average up a little 🤑
Where else will you get a global growth company, expanding globally with new licenses with huge new markets, huge margins, huge FCF, huge competitive advantages and zero debt. It's a rare gem.
Email IR, they will call you back, after you can confirm your holdings, very accommodating, answered all my questions, obviously no new info, just a general conversation around the already RNS'd info, but got the sense that everything is on track as previously stated 😉. All about expansion and growth 🚀
Anyway, I'm off in 2 days for a few weeks, let's see where we are come end of the month. US license granted, we can wave 200p away in a flash, US market is gigantic! Remember they are already staffing up in New York Office 😉
Au revoir. Unless US license drops, il be back here in a flash 🤑