RE: Cannot get quote on HL30 Jun 2020 11:23
Hi Joybag, I'm no expert but from what I can work out, in placings there are two types of Institutional Investor who get involved.
1. Long termers who believe in the fundamentals of the business and as part of their investment strategy buy and hold for growth.
2. Flippers - the SP was 55p at the point of placing and anything above 40p they can flip for cash.. even now they can sell at 42p and get 5% profit.. their aim is to dump all their shares at over 40p... The good thing is there should be a floor at 40p (hopefully) ATB