RE: Why does it always drop25 Oct 2023 15:13
Probably a combination of institutional investors lowering their holdings, shorter smelling a profit and too many retail investors. Every time an RNS is published the price goes down, Also buying the shares back in such small numbers isn't doing much to woo or keep investors. You would think that with a 20% dividend, they would be piling in, but it seems the market does not think this is sustainable and any news is slim pickings., The stock was stable until they did that placing. it seems even though they have bought and sold wells, it would appear that some if that capital was left over and being used to buy back shares and the lenders rant best pleased, What other explanation could there be when prices are holding/Firming, lots of output and good cash levels.