Member Info for vzjmh0

Have I missed some announcement which would account for such a large drop?

With huge buys being undertaken, I dont get why the share price is down over 10%... unless there is an even bigger seller who is dumping their stock at any price. I guess we'll see the cross trades after close. As you say, someone is taking a position at these low levels and an RNS will probably be released in the next few days.

Someone selling up by the looks of it.

Berenberg reckons rising oil prices will hit profits and possibly dividend yield.

So effectively no real news. I dont understand how the previous board created such a complex accounting policy that it takes 2 accountancy firms 3 months to work out whether they made a profit or not. The fact that they created such a tangled web of deceit means they probably werent.

Getting rid of Thompson is a positive. It was under his stewardship that UTW got into this mess and came up with the 'creative' accounting. Goodbye to bad rubbish.

That could be seen as a vote of confidence. He owns a big portion of the company.

Agreed its delaying tactics. They've had months to resolve this mess so either the figures were so good they wouldn't be believed or so bad they have to build a good story

Looks like someone got wind of this on Friday.

Cant work out why the sp fell off a cliff just before the close. Dont see any large sell trades so can only assume the MM's are preparing for bad news over the weekend.

the reason might me that growth is starting to plateau,the UK market is saturated and outlook uncertain. Foreign growth although growing is not growing fast enough to increase overall company growth. However 5% drop is overkill and WTB has lots of potential.

a 20pc drop seems to be a bit of an overreaction.

who would be buying this share given the update gives 2 options and one of them is administration?

As per usual with UTW,we'll know what the update will be like the day before its official release because there will be people who will already know whether it is good or bad and trade accordingly.

What should be investigated is the share transactions preceding the releases of each of the recent updates. someone was acting on info not available to the market. Not holding my breath on the fca doing anything though.

Not only that but he set up this ponzi scheme. 'Cos thats what its been all along.

I find it interesting that there isnt a statement from the Chairman in the RNS. You'd think he would have commented on such a terrible update.

Means nothing. Probably have a vested interest in ramping the share.

What a crap update. This company never ceases to disappoint.

If you think you are in a hole, just imagine the hole Woodford finds himself in.... and he cant average down without having to make an offer to buy the company.