RE: UK inflation falls more than expected, official data shows20 Mar 2024 10:09
Hi Crafty,
In my view, he was under more pressure when the share price tanked to 35p with the headwinds of inflation/whey prices and everything else.
The "shorts" on this board have always been there and were probably much more vocal a few years ago. TBH I've never taken much notice of these individuals - they are not professionals, they are just average joes like you and I. Neither have I taken much notice of the "rampers" for the same reason.
If he doesn't pull a rabbit out of the hat, then the share price will do what it always does - drop like a stone. Then it will recover, then drop again, rinse and repeat. It will need something EXTRAORDINARY to occur to realise anything like "reasonable value," e.g. Sofina/Balderton/QIA put out a statement saying they align with KLSO or a hostile bid for the company from an activist shareholder. The fact that there is just silence tells us everything.
Like I said, I hope I am wrong and that things are going on behind the scenes that we are not privy to. Yes, it's fair to assume that some pressure has been put on MM given the removal of Vivek/Ian Mac, MM and his pal building a stake in KLSO and possibly the Ingenuity redundancies. But this alone isn't enough for the SP to shoot up in the short term.