It's essentially because we have low volume. the MM's make a wider spread to make it profitable.
"Stocks with low volumes usually have wider spreads. Small companies frequently exhibit a lower trading volume because fewer investors are interested in relatively unknown firms. Market makers often use wider bid-ask spreads on illiquid shares to offset the risk of holding low volume securities. They have a duty to ensure efficient functioning markets by providing liquidity. A wider spread represents higher premiums for market makers."
Oh my bad! Read the message wrong. Someone previously recommended trying a limit sell at the same current sell price. They go through fine on HL when struggling to sell.
Speaking of CINE. Apologies all. Thanks for the tip. I dipped in and made 10%. Only a punt with £2k but still profit is profit. Happy Friday all. Sun is finally out.
RE: RNS more chances Monday than an England win10 Jul 2021 18:26
Why not just set up an alert on investegate? Much easier. Or even the vox markets. Or even here? I do find vox useful as with the app it pings me an alert straight from 7am or whenever an rns is out.