RE: SP Firming nicely19 Sep 2019 18:58
Since the introduction of the two iis we have seen strength on the bid, whether it’s their clients or just positive sentiment with broker notes we don’t know , but the buying does appear to be that of larger players.
Interestingly, looking at the 5 year graph, the two times the SP was at this 24/25p level, both times price increased very quickly to 40/41p. Yes these times were bounces off lows not recent highs that we currently have. I think top of my head the base NAV was put at 41p also.
Therefore going back to the recent guess the SP on completion RNS, I will go bullish at ..41p.