RE: 2.9m volume trade @ 10p @ 13.44pm17 Jun 2024 19:59
I've had a quick gander at it from various sites trade info and here's my initial interpretation, fwiw.
The trades immediately before it, that were posted as sells, had slowly decreasing bid prices 9.61, 9.60, 9.51 and the last at 13:44:13 was posted at 9.50p. This large trade, a few seconds later, was posted at smack on the Ask price. The Bid/Ask at the time was 9.50p/10p. The next trade went through at 9.20p as they had then dropped the Bid to 9.0p They then also dropped the Ask to 9.50p. The reaction of them dropping of both at the same time as the trade would indicate a sell. But, if I had to make a call, going just on the evidence available, I'ld say that it was a buy. As there was a mass sell off at the time it certainly would have been easy to soak up some of them with a large trade.
A more cynical take would be a Killik buy back after getting the nod of the results in advance. Sell out and wait for the drop. ;) Maybe not. But a more considered take on this would be that the majority of the trade was the missing 2,649,327 Killik shares with a few more to take it up to 2.9m. In normal circumstances I would expect a TR-1 RNS would to show another reduction from them. But, as they are now under the required percentage to do so, we may not.