Previous Close: 40.50p* (real time prices at ADVFN) Previous Range:N/A - N/A* Previous Volume:57941 shares (down on average)* Trading:above the 50 day M.A. (37.5357) & below the 200 day M.A. (40.4762)*
By Carefully Does It Fri, 18 Oct 2013 07:55:00 GMT
There will be a bounce but more than a director buy is needed to break out of that down channel.
After bounce, without transformational news, it will fall back and eithrr head sideways for quite a while or slip further until it reaches real value to flush out new buyers.
Heard some management talk and didn't fill me with a great deal of confidence.
This was around the time of the last funding round. Just afterwards. By Carefully Does It
By Carefully Does It Thu, 10 Oct 2013 23:23:00 GMT
Main holder is IP, or was.
They could probably lighten up at 25p and still be sitting on a big gain & help increase liquidity.
Most likely an RNS soon to help clarify but if the same seller they may not announce until finished so as not to give the game away.
You don't have to be too clever to see there could be further price weakness even if the business is worth considerably more until this is finished and then a possible recovery.
The entities taking shares at 50p will want their pound of flesh. By Carefully Does It
yep, is the seller the 20% holder, as i thougyht iwas hendersons in spet until i saw the RNS the other week, their main holder is that IP investment compnay isn,t it?.been wacthing MWG for last 5 weeks By spurslegend
By Carefully Does It Thu, 10 Oct 2013 13:58:00 GMT
It's done automatically, binary decision.
Someone wants out and Henderson might be hoovering up to help prevent complete breakdown and disorder and to take a bigger long term stake.
Messy. Some statement would be handy. Should at least see a couple of holding RNS's. By Carefully Does It
By Carefully Does It Thu, 10 Oct 2013 11:40:00 GMT
Someone wanted out big time to take <26p for >1M shares. By Carefully Does It
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Agreed - the good thing is that we appear to clocking up sufficient buys to balance the books at the moment.
Could it be hendersons? I note they bought a million or so shares back on 10 Oct for under 32p? A 30% profit is not to be sniffed at...