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Share price down 8% already.

 

Recent events have given the share price a bit of hammering. A drop of 2p might not seem like much, but it is when the price is so low and 8% is almost as bad as the impact from the LSE announcement of Wallace's 'Business Review and Strategic Plan Update' which caused the share price to drop by well over 11%.

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Share price down 8% already.

 

A couple of directors buying shares will soon sort out the slump as it did back in May when they announced on the 7th that Somers had bought some and then announced the following day on the 8th that Easdale had bought some too. The share price went up a good few pence that week IIRC.

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A couple of directors buying shares will soon sort out the slump as it did back in May when they announced on the 7th that Somers had bought some and then announced the following day on the 8th that Easdale had bought some too. The share price went up a good few pence that week IIRC.

 

Would they buy at 23p/24p when they can buy at 20p in the fire sale?

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Would they buy at 23p/24p when they can buy at 20p in the fire sale?

 

Doubt any of them would go beyond their entitlement at 20p at this time.

 

Also there are still more than the same again available I think for another pre-emptive offer most likely at an even lower price and then there is the possible new offer if pre-emption is disapplied after the AGM. I wouldn't want to speculate what the price might be at that point; assuming we do get to that point.

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