RE: RNS/SP22 Jan 2025 17:27
Yes true we have seen some classic drops on good and great news. I was expecting to wait around 2 weeks before the volume dropped to a point where buys will carry some weight. Given what we have seen today it could be much sooner.
Currently it's a circus and the very strong commercial performance is irrelevant. 4 or 5 times regular volume. I suspect many trades are the same people skimming a few euro. It's not something that interests me.
I feel a little uneasy that the stock market is in such a state. It's not just London but London seems worse. I guess it's because of the desperate situation people find themselves in. It's more like crypto trading than in something tangible that is living, breathing, employing people and visible to all.
I bought once today somewhere near the bottom. Twice recently below £5. It seems a nonsense given the commercial success achieved but until the clowns move on we are just watching the circus.
There's several things that I would like to see.
Some kind of response from the company, ideally a commitment to buy back shares below £6.
An internal review of the listing to see if better value can be achieved elsewhere.
These would be a good start.