RE: SP8 May 2021 12:13
I understand the frustration with the SP in this share. My summary would be:
- Lots of encouraging updates and tie ups with large companies.
- Richard Griffiths a large shareholder has been selling, down from a 15% stake to a 5% stake, so nearly all out.
- If he hadn't been selling, supply and demand tells us this share would be tracking upwards, encouraging it has stayed stable despite him selling 10% of the company.
- Unlike other shares, they are lots of reasons to be confident, it will require patience and once RG has finished selling it will rise as other institutions are buying in.
May take a number of months but very encouraged that this will break through 2.8p and head upwards.