Trading8 Sep 2020 11:10
We appear to have found a new bottom range of 160p to 165p as a base. The MMs seem to be expecting early sells if there is no RNS.
In terms of the institutional holdings of the three institutions discussed earlier, the relevant UK announcement points are 5% and 3%, so we would not know if any of them were selling. Conversely, we wouldn't know if any were buying either. Conifer are renowned as long term holders and Miton have been in a cash flow problem. The trading values don't seem to indicate institutional trades, which I believe is a better position for us normal folk to be in.
As we await news, on any number of fronts, no doubt we will be shaken around from time to time but the trend looks to be upward overall.
Just my opinion and very happy to hold and buy ahead of what I believe will be transformational news.
Cave Exigo