It's admittedly not a good use of my time but I spend a lot of time watching L2, and the size of the orders has changed dramatically this week.
Someone is working a large buy order, but they are also being sensible and taking their foot off the gas now and then to make sure the price doesn't spike too hard.
There's a clear hunger for shares, with someone coming in frequently and hoovering up everything on the ask. Only thing holding this back is someone still dropping a load of stock in the closing auction every day and knocking it back down.
Will be very interesting once they have run out of shares.
Sitting here this morning £132m market cap, CABP is now valued at 1x revenue.
From the latest RNS, £109.4m 2022 revenue plus "at least 20% ahead of the prior year".
https://www.ticker.app/lse/CABP/rns/2023-10-24/Update-on-Q3-Trading-and-Outlook/0877R
The company also stated "its ongoing confidence in the medium-term potential of the business" and that it "remains highly profitable and continues to generate significant free cash flow".
On the other side, the single director buy has been disappointing. The whole board should have jumped in.
Despite CAB's lack of effort on the investor relations front, I'm buying all the way down.
No idea about the veracity of AJAYE's post, but you could say TGR did inform the market. The most recent update RNS mentions working capital limitations four times.
https://www.ticker.app/lse/TGR/rns/2023-10-19/Operation-and-Trading-Update/6534Q