Sp2 Oct 2019 22:49
The poor share performance here is utterly unfounded. For the past 2-3 weeks it’s been down continuously which is highly unusual for a ftse listed share, especially one with no significant news, relatively low volume and one where buys have far outweighed sells everyday! I recognise that the info regarding buys/sells on lse is far from accurate but come on!! The only issue I can see here are the shorters (currently sitting at 1.99% having been reduced slightly last week) - I’m guessing the price is easier to manipulate on the low volume (although we did have decent volume yesterday and still went down...). I really don’t get it, shares like ASOS have a much higher % of live shorts and their price has gone up around10% in the last 2 weeks, whilst we are down 15% almost reaching out 12 month low. Baffling and very frustrating. The board need to pull their finger out and start working on shareholder value because st this rate they’re not going to have any left this time next year!