price drop6 Jun 2018 11:03
Normally see this type of price movement on AIM stocks after good results.Seen 20% drops only for it to come back up in the afternoon. I bought in twice as we in a strong monthly support zone. RMA later today should provide more info on who and why, but wont be surprised to see mid 700 by the end of the week. FTSE 250 with 5 % div is worth the punt for me, so enjoy the ride. Only bad news (depends on how you view it) I have seen today
On the other side of the midcap index, plastics company RPC Group fell 13%, despite reporting a doubled pretax profit of GBP316.6 million for the year to the end of March from GBP154.7 million the year before.
In late May, the EU Commission launched a draft Directive on Single use Plastics, which would constitute a ban on plastic straws, cutlery, plates, cotton buds and balloon sticks. RPC said it "does not manufacture any of the items that will be restricted under the proposed EU directive, and is proactively working with the policy makers and industry bodies to best achieve their wider goals".