Member Info for Rich62

Oh dear, is it time for a short squeeze? LOL

Not selling mine till they hit at least £2

Looks like a fund is selling a few here. Market makers walking share price down slowly, despite MWE Company buying back shares every few days. Today I can buy 40,000 shares at 44.25p....

Seems really cheap, but in today's market where small cap shares are out of favour, who knows??

Bought back in today at 13.5p. Probably should have got back in at 11p, but waited till tide turned. Feels more positive news now coming out of TEK and hopefully should fly again, especially if ST in IC covers again with Reebok tie up.

The Times share tip is handy in giving whoever is selling down IHC, plenty of liquidity to sell into.

Already 342,000 shares traded. Hopefully once the seller is out, IHC can move on upwards, just needs a couple of decent contract wins.

Davy research raised EZJ to 750p target (from 600p) and rates "outperform"

Q3 trading update is scheduled for 20th July according to EZJ investors relations page.

I guess its a) US debt ceiling worries and 1st June deadline, caused US market to drop yesterday and b) UK inflation down in April, but not dropped as far as expected, and core inflation (excluding energy) still rising; therefore further BoE base rate rises expected (which will further cool demand for houses)

One million bought at 78.5p - ordinary trade. Obviously someone believes buyout will happen.

https://www.investegate.co.uk/british-amer.tobacco--bats-/rns/agm-statement/202304191145017681W/

Clearly the boot is on the other foot now! MM will be loving the fact that the shorters (Marsh*ll Wace et al) will be trying to decide if they close their shorts quickly and drive price higher, or double down expecting deal to fail.
MM (if deal is in the bag) can drop the RNS at any time with a confirmed bid and price.
He must be enjoying this situation and who can blame him after all the sh*t the media has thrown at him and continues to do to try and discredit his business.

Hope all the guys at Citadel 0.70% short declared; GLG Partners 0.51%, Marshall Wace 1.39% (greedy b*stards), Qube 0.56% and Tellworth Investments 0.69% are having a lovely day!

Just noted that someone dumped 6 million shares at 5.25p earlier (13.08 hrs).
Must be desperate to sell at that level...??

Directors have sold 37,950 shares at £2.24 = £85,008 worth between 4 of them.
The same 4 Directors still hold over 2,000,000 shares between them worth approx. £4,480,000.
Lets get some perspective. Perhaps they need a few quid for school fees, holiday, tax etc.

RNS - Non Exec Director BUYS 58,504 shares at 42.73p

If you look at The Hut Group (THG) share price driven down from c160p to 31.5p in October last year. Now up to 60-70p with around 4% short position. Likewise Boohoo (BOO) driven down from 300p to 30p in Sept with 10% shorts. Now shorts at around 5% and share is gradually up to 53p. Its a long haul back, and needs strong results, industry type back in "fashion" with investors, broker upgrades, contract wins and ideally big BOD and NED purchases..!!

Not too impressed with today's RNS - Sales Director sells all his holding (43,662 shares at 344p) and now holds no SOM shares. Okay he maybe selling for tax payment, house purchase, school fees etc - who knows? But it doesn't inspire confidence, other than rest of Directors are still holding reasonable amounts..

I bought my first tranche here a few days ago at 27p (at the bid price). At today's price of 26.5p, the market cap is only £20.5m with last cash position declared of £14.1m (at end January) So enterprise value is just £6.4m.
Seems too low to me...
Quite a few larger trades going through today, so hopefully once the larger sellers are out, share price will move back to 30p

Not sure if my maths is right here - but there are 3.1% declared short positions currently (Marshall Wace being the biggest holder at 1.4%) This equates to approx. 39.2m shares that need to be bought back and returned by the shorters to their rightful owners..
Now even with big volumes like today (currently 11.5m shares traded at 1615 hrs) that's a lot of shares to be bought on the market and returned....
Looking forward to the short squeeze when a significant RNS drops!

Looks like MMs have been walking this down to fill a big order - 65,000 buy at 228.384p

I've joined you at 218p.
Share price now 10% lower than recent high price c245p.
Looks a good buy at this price.
RFX was 260p before CV19 lockdown, see no reason it can't deliver same price again later this year