RE: Sell off10 Feb 2021 08:42
Participants in placings can be very misleading, and often very misunderstood by current investors.....
Many people take the opportunity to take up the offer without any knowledge of the company and to literally sell for a quick turnover. Others, as a few of us have said already, will sell existing holdings at anything above the 45p if they get the nod early and replace them with the placings shares to hold the same amount and pocket the difference.
Its pretty standard practice and every placing I have seen over many years of trading, results in the same activity and the same questions on these forums. Why sell??
The overhang will clear, that is also definite, so just a matter of time!
Tp