RE: Price drop16 May 2023 18:12
With just £24000 worth of shares traded today, approx. 75% sells and no news to support it the company dropped 7% in value today, it was higher volume on the way up, and to our delight we appreciated the sensitivity then, but remains a very sensitive share to hold.
With this in mind, and absolutely no news or even comment about FDBK out, it appears then the selling is a few PIs just getting board, IMO and not any inside info, or information out in the public domain that has been missed by us.
The problem is that this is likely to continue on no news, as more and more investors get bored or decide to protect their capital, until its is shored up with a confident statement, update or contract news.
So I agree with you Dibs, the company should at least put out a message of re assurance. if they do not then the invested will come to the conclusion that they are unable too, and the information gleaned from previous presentations deemed as unreliable.
If this absence of news is due to changes in government policy, or commissioning then I do not hold the company responsible a these things are out of their control, but if FDBK are loosing contracts for IDCs etc then i blame the company.
The test is. At present has anyone managed to find a contract award that FDBK should have won, but was given to another supplier. I haven't, and ill have another look tonight - so it must be a delay or something in the commissioning or finance IMO.