RE: Less than £2k...5 Feb 2025 10:11
Well, it's only been a week since the trading update. Ha ha ha, that's when I bought, expecting a wave of positive sentiment to head this way. Perhaps a little too early move on my part. It's going to take around three months for news to materialise, at least. Still, the chart is going in an upward direction. The company has got over it's "too many academics/too few business heads" phase and is now on a steady course towards financial viability. Andrew Rapson, the CFO, is perhaps the most important person on the board at the moment, given the past financial trials of Apta. Reassuringly, you can see that he steered his previous company (a property company) through the trials of Covid, to ultimately justly reward shareholders. I'm still feeling this is a good, good bet, regardless of the thin market pushing the SP down. It's retail and not reflective of what is actually going on with the company as far as I can see. The timing of the sales this morning suggest it is a single holder that is selling (they're all clumped together in the space of a couple of minutes. Perhaps via frustration after holding for some time? Perhaps profit taking after buying at 0.7p? Who knows? But ultimately, there is more likelihood of good news on the way rather than bad news, so it's still good to hold.