RE: Very odd20 Mar 2019 11:36
People see what they want to see. One thing is for certain, over the last two and a bit days the number of shares traded has been up on what it has been recently but nothing of the order it would be if bad news had been leaked out.If anything, with buys outweighing sells by some margin and the rounded numbers of a lot of trades, it could just as easily be argued that an II was slowly building a (bigger position). Or it could be PI's doing what PI's do (and II's) , buying on weakness.
Without knowing the full text of the email it's hard to draw any conclusions whether it's good or bad or neutral. Both for and against bad/good is everything S7 noted -
1 The interims/update are late, therefore they're bad. Well, maybe but they didn't sit on the bad news on 04/09/18,in fact they sent it out mid-morning, no mucking.Also the January update said Fleet was on track as were the 5 OEM contracts at the time, Aviation is still in its infancy, as is BdMS, as is Rail and Caterpillar seems to be doing ok. So, where is the bad news going to come, installations seem to be steadily building (now at 14,849) so Fleet hasn't hit the buffers again (yet). So, where is it coming from, the bad news that is?
2. Fleet update in a few weeks - unless there was something drastic happening with Fleet, why wouldn't it be included in the interims/update? Is this a clue that Fleet is to be licensed out? As per above, Fleet seems to be on the road to recovery.
3. Funding issue - maybe licensing of Fleet will mean no placement is required and therefore Ken stayed schtum for obvious market sensitive reasons.
However, market makers can see weakness from a mile off, the weakness being uncertainty and, boy, are they playing on it well!!