RE: HY 2024 results18 Jun 2024 15:43
Given your comment @josey, I don't understand that if an event took place and the SP is declining because of that, it would be illegal due to insider training?
My thoughts are primarily it is due to an increase in shorters, but this cycle will turn once they hit their targets or any inkling of positive news.
As @Hopeless has stated, it is giving me increased confidence that an established family like Cosmens are increasing their stake here.
Or I can hope that a significant offer can come in. The CityAM article states '“We believe the increase in the family’s shareholding reflects a combination of seeking a blocking minority position to prevent a low-ball takeover offer, and taking advantage of the depressed share price,” Liberum analyst Gerald Khoo said in a note."