'Misleading impressions (section 90) – It is an offence for a person to act or engage in a course of conduct which creates a false or misleading impression as to the market in, or the price or value of, any relevant investments.
The person must intend to make the impression and intend either to induce another person to acquire, dispose of, subscribe for the investments, or to make a gain for himself or cause loss to another or be aware that it is likely to have that result.'
Iron ore price rise is good. Traded this in the past and obviousy i'm attracted by the steep drop caused by Z . Always risky trying to pick the bottom in these kind of cases but a lot of the risk is already priced in . The recent increase in the sell volumes is often a sign that the existing shareholders have capitulated and a bounce is on the cards... Will continue to keep aclose eye...
@openspaces...you'll be accused of turning off new investors wahtever you say simply because you only have EVER posted negative posts on this ONE chat board. You are so obviously a paid deramper. Who pays you?
Even at £190M the p/e is flatish from previous yr at 8.5. Yield is 5%. Had a few at 344 and with 2 profit warnings already (and assuming the old adage 'comes in threes' ) , i hope to be close to the bottom.