Jolly / All23 May 2014 10:37
Can't really figure why this is drifting 5% a day. There is so little volume at around £2k - £3k a day. I reckon the mm's are trying to drum up some action and this time they are going to try and force out a few sellers and force some more buying at stupidly low prices. Nothing is really happening, don't forget in the May 13th interims :
Dov Feiner, Chief Executive Officer, commented:
"I am pleased to announce that during this quarter the Company improved both its margins and profits, and continued its healthy progress. We continue to see strong demand for our 80GHz line of products and current 2014 shipments and order backlog already show a substantial increase of around 40% over the entire 2013 revenue from this product line.
"We have made good progress in the first quarter and the Board is confident that this trend will continue for the rest of the year. The board is encouraged that the outlook for the Group remains positive."
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A little downbeat in the positive statement but that's how this company works, fairly low-key, rather family focussed business. Wouldn't be surprised to see the extended family buying more soon at these prices. HOLD IMO