RE: Suspect new contracts being announced in next few days see quote from last RNS3 Aug 2023 13:38
My view is that the SP was suppressed significantly by the last fundraise (understandably), however, the initial drop was pretty aggressive and unnerved potential new investors who on SP movement alone had no reason to get involved with LST (hence the low MCAP vs order value and a period of months with little to no movement).
There is still some uncertainty around how much of the tendered business will convert and drive the SP northward by multiple pence and this remains a complete unknown until an RNS lands. I suppose you could in theory buy on the basis that X% of the tendered business will land in the meantime?
What we are seeing right now is a load of short term investors chucking in the beer money on the rise and then claiming to be warren buffet (including the ones try to cross post about other "opportunities").
For now: the business is relatively well funded, there is news to come regarding orders and the SP sits below market value if looking at the order book vs MCAP.