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Also does anybody have a contact email for the company? I looked on the website and there doesn't seem to be one. Thanks
Also note the TR1 holders have not been selling. That for me is one of the most telling signs.
Yesterday was 5x daily average volume and saw a 250k delayed buy. Someone is clearly accumulating at these lows. We have also seen a double bottom now. One decent bit of news and it should begin to change direction. It's actually very close to breaking the downtrend channel it has been locked into.
It's fair to say that it is now time for them to live up to their billing.
The SP is down 62% in 6 months as result of its stage 4 move. Just before the recent news it bottomed around 370 before climbing back to nearly 500p before it fell. It certainly looks overdone. 500p alone is a 50% rise away.
*those
It would be pretty typical for the book to be squeezed down late on a Friday when the market knows traders want to sell, to then get some decent press over the weekend and gap up on Monday. We shall see. Clearly big operators are buying again today and as yet they have not made much money on this purchases.
Pretty sure they won't be in it for a 2% gain. Nice Friday pm shake to loosen up some weak shares.
Given the high volume this looks very much like another accumulation pattern with a few shakeouts to get rid of some of the retail.
AJK, correct.
That's just gossip without a source. Do you have one?
It's interesting why we haven't already heard w/ref to an extension. V close to the wire. I wonder if they think they will be relisting before the deadline. It's quite a big reputational moment for Afentra to make its mark in these market conditions, so you would hope they don't leave comms right until the last possible moment.
Does seem like one might be coming. I wonder what price they will raise at if they do. Maybe 22p?
Over 10% lower than the opening of the day the last RNS hit. Can't buy any size at all. What a surprise.
This is the last of the seller giving the shorts a good close price. Try buying in serious amounts - you can't.
This has been tightening into a pennant all day with a stacked bid. When this breaks it will be a strong move. It's so obvious the seller is nearly done and the MM's are shaking holders to see what they can release. No surprise it's going to end right at the convergence at close.
It's just volatility after a big rise and the end of a seller. The market knows what comes at the end of a long term seller, so is collecting before the book flips properly. When SO is officially done and those sells dry up, this will move very quickly again.
Impressive collecting of shares from people at a very low SP's today, many of whom undoubtedly paid more than today's price. Seems pretty obvious that it's going to challenge highs again soon, the last news was not worth what is now a 10% rise only from what were already depressed levels.
*clearly
Well said O&W. That's spot on and cearly what is happening here. Directors purchases at these sizes don't foreshadow disappointing results. The CEO could have bought a lot less if he had concerns. Adding £260k in the brief window they had and the concert party owning 38% really adds to the upside view from these levels.
Has anyone exchanged any correspondence with Afentra? I have recently written to them with a few queries (timescales for relist being one) and wondered if anyone else has heard anything? Thx
It's a buy order being filled. Watch the bid creeping up. They want shares for it. :)