RE: SP dive due to Finncap (letter from Wallbrook)12 May 2021 19:44
Hi DumbledoresBeard,
I’m guessing they do check the board. I emailed the following yesterday and got a similar response to Demon & Wondergoals. Top marks to ORPH and their attention to their investors, I am impressed.
“Hi Open Orphan,
Please will you have a read of the Open Orphan LSE chat board to gauge your investor’s feelings. ORPH, as you, know is well supported by its loyal long term holders, of which I include myself.
You will note a bit of disquiet regarding your broker, finnCap, leaving their forecast of 28p unchanged, albeit with “substantial room for upside”. There seems a large disconnect between the current SP and their forecast which has been perceived as having a detrimental effect on the SP performance. I appreciate, of course, that there are a lot of other factors to take into consideration.
I would be grateful if you would have a review of the finnCapp report.”