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It if closed strongly today, it will be the additional evidence of something positive going on.

Maucha - If you check the what happened to the chart trend at around 2.35 pm, you will see a spike upwards.

A sudden sharp rise coinciding with the US opening. Something is probably brewing behind the scenes. Either a renewed interest in the takeover or/and a better update than anticipated (business stabilising with no decrease in revenues with better visibility in contract signings).

The long term investors will survive with an excellent dividend yield of 13 % while any short will be severely burnt in case of a decent update. So the long term holders will always remain in a win/win position.

nuri123- The only danger for the "temporary shorts" is when any positive update falls as a hammer; the SP rises very sharply in both directions. News is expected this week. I would never let any short position open.

nuri123a - Shorting has reduced at Numeric Investors LLC has reduced to 0% on 31/10.
Then MCRO is the least shorted.
hTtps://shorttracker.co.uk/

IMO the Trading Update will show that the business is stabilising and consolidating and not falling anymore as it did before.
"As such the board considers it appropriate to revise the guidance range for the year ending 31 October 2019 to minus 6% to minus 8%." This was from -4% to -6%.
This will be the precursor for a good lift from here and each time an improvement is flagged up the SP will adjust accordingly. This is does not take into account any takeover bid.

I would add that we may get a Trading Update tomorrow as last year on the 5th of Nov. I expect a flagging up of stability in the business (contrary to previous turbulence in series) which will probably give the SP a very good kick start for the recovery.

With a dividend yield of 11.5% one can be patient with this largest UK software company.
If taken over, I am expecting at least a minimum of 50% increase of the current price.
(£15 - to - £20 per share).

I still believe a company with 4.7 billion sales, a PE ratio of less than 5.8 and dividend yield of 13% is undervalued. I am sure things will drastically in its favour change and time will definitely tell.

With such a low PE ratio, if taken over, I would expect a minimum offer of £18+ for 4 billion + revenues company.

The highest dividend yield of > 11% and the lowest PE ratio of 6.4% on offer in the sector. This is very cheap for the software standards.

I think Petra's turn around will seriously start from next week following its update as it has already made loads of investments. The fact that Rio Tinto closed the biggest mine in the world will impact on the supply/demand side leading to diamond price increase. Adding reduced tensions between the US and China before year end, this will give a good kick start to this sector which always takes off around this pre- Chirstmas period. So any flagged up positives next Monday will take the SP to another dimension. Keeping in mind that as earlier as last June the SP was within 20p - 30p band without any positives. So I am looking for a SP band of 30p - 50p in the next 6 to 12 months, that is 400% - 600% from where we are now. PDL share price is at all time low so we cannot dig deeper than where we are for a miner with sales of $495 million with a market cap of just £60 millions.

This is definitely a long term hold.

hTtps://en.m.wikipedia.org/wiki/Cullinan_Diamond

https://www.mining-technology.com/projects/cullinan-diamond-mine-gauteng/

Petra's Cullinan mine is famed for producing many rare blue diamonds and makes it the most famous diamond mine in the world.

The Rio Tinto World’s Biggest Diamond Mine Is Closing by now - One can already anticipate a big impact on supply especially when the demand grows. This is excellent news for Petra and this will definitely lead to gem price increase too.
So PLD is a very strong long term hold to me.
https://www.bloomberg.com/news/features/2019-07-12/the-world-s-biggest-diamond-mine-is-closing

If one looks at its 5year chart, we can clearly see that there is was a rally until the end of the year. Could be the same this year.

Interestingly, BlueRock Diamond share price was almost "ZERO"just as recently as the end of July !!!
Today it is 133p. IMO Petra could follow a similar path from next week.
hTtps://www.lse.co.uk/ShareChart.asp?sharechart=BRD&share=BlueRock-Diamonds-