Just a theory....20 Jul 2022 08:49
There has been a large after hours UT trade, which is reducing daily. The large purchase of £4m at 974p has left the MM's with a short which they are gradually bringing down, but they need to supress the share price to pick up stock below the trade level.
No blame apportioned, the MM's role is to provide a two-way market and to add liquidity, and they like to make a turn.
Keep watching the UT. When that gets close to zero this could pop like champagne out of a bottle.
As I say, just a theory.....for full disclosure I'm long at 986p.