What's up here - big volume. Takeover?
Most sensible reason i saw on twitter - many traders may have been positioned before for Takeover News....when that failed to happen, they closed Longs. Stoplosses then triggered and panic set in....
All the best Dav.
I got 222.6 on Monday so hoping to see this move towards 300p maybe with the help of another takeover approach. Prepared to wait a while.
Management took money off the table last year 1 October 2013 at 275p via a placing, and analysts agree that to giving those investors a reasonable return must be a bare minimum from any takeover.
Now if you were one of those shareholders buying in at Â£2.75 would you be happy with nil or a 10p profit on a bid - would you vote for a takeover ????