RE: What is this23 Jan 2024 12:57
They turned down a bid of 156p per share, so the board obviously think there is a chance the price will eventually progress further than that.
The CEO bought £1m worth of shares at 84p.
Any time there is any bad news over the last 9 months the share crashes to a low of 69 p, however almost instantly recovers.
When it begins to surge forward, it is sustained......with an underlying feeling that this share is seriously undervalued.
The minimum this share price moves to is beyond the 100p mark.
However I do believe at some point 160p is achievable if the right suitors come sniffing.
Thats around 90% return if you get in around the 85p mark.