explain how today we ended down 5p when 24 million shares were bought against 2.4 million sold ? Some really heavy late buying should push prices up Monday opening.
my broker has this morning dumped the price it is willing buy at to 3.81 Am not prepared sell at this price so guess will hold on for a further few months and collect the 4.00 offer. What are others seeing today ?
In my opinion the fall seems overdone. OK its a significant placing but the institutions which bought in would surely have hoped that the price would have remained above the placing level. Would hope to see the price rise gradually over the next few trading sessions as basically nothing has changed as far as the prospects of this company are concerned.
Sorry, bit of a cheap shot....Only have bought and sold ELM a few times over the past years and was very tempted buy again at around £ 3. Cannot now make up my mind whether they are oversold or not.
Believe a good many of the trades shown today as sells were in fact purchases. Mine certainly misreported. Would hope the recent 'insider' buying will soon translate into a modest share rise.
opening trade is just a continuation of the small sales at ridiculous prices. How can they mark the shares down 16p for an uncrossed trade of 37 shares ?
has the confidence to buy a million shares at pretty close to the ask. Bit concerned at the wide spread as shown by the little trade today, but maybe that was the reason for the low price achieved..
Please keep posting as your comments have had a positive impact !
More seriously this share is trading on a big discount to known NAV and has certainly been drifting badly of late. rgds