RE: Any thoughts3 May 2025 23:39
Well I am finally out, sold my last 9,000 shares at 32.8 on Friday. There is so little liquidity it took me a week to sell, looked like there is one buyer bidding for 2,000 so I sold chunks at 34, 33 and even 31. A painful 30% loss.
It was also obvious someone was buying tiny volumes (a few quid) at artificially high prices to keep the mid looking high.
This stock is undervalued but no one is interested although it seemed to me as I watched the bids carefully that someone was accumulating.
This is a decent business making a profit but for AIM the board need to communicate positive news to generate interest. But they can’t be bothered to do it. Obviously you have to have something to say to issue an RNS but other AIM stocks come out with all sorts of excuses to post minor positive vibes.
I also don’t know where greater growth is coming from, if the business was that undervalued why doesn’t a competitor come in and offer 50p and take it out?