RE: Mms would have mopped up25 Jun 2018 17:24
Agree with what you say Birdseye. The RNS was good, except for the forward orders, but the future orders and earnings are what drive the sp. This is a very able and ambitious team and would hope they will update with better news in the near future and that this is a temporary glitch.
As with any negativity nowadays, the SP has been crucified by the MMS and only time will tell if this is justified or not. I do not see a mass sell off as volumes are generally low, except for last Thursday and Friday, which reached 316,648 and 212,009 trades respectively, which was well above the norm for this share. This is an illiquid share but as said before the trades have generally been small O trades, indicating LTHs selling. As usual the initial big drop followed by a gradual walk down in the SP will weed out LTHs.
I have trust in the management team but will await their next update, which hopefully will have some positive news on how future orders are progressing.