Screen shares started to head north fast again on friday by 21% and alot of buyers out that day. I've done some own research but can't seem to find any news since interims accounts on 23/9 that might indicate why the share price goes up like a rocket.
Could this be just that the company is now back in profit as analysts predictions begin to hold true.
I never understand the City - if a share is languishing at a very low price they say we must consolidate....if it is languishing at a middling price they want to do the opposite - yet, IMHO there is a common reason for BOTH situations. There is no good sharenews and few prospects of growth. The sp (on fundamental) is a function of the PE and no of shares in issue - If a consolidation drops the number of shares it doesn't affect the PE (since there are fewer shares to receive dividends etc).
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That the City makes money with these Share changes....perish the thought...
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Fiddling with share numbers is the last thing a Company should do - it makes NO difference to their prospects - much better a Public Roasting of the least-useful Board members and maybe a small dividend to patient shareholders.
A review of their "core operations" shows about the same desparation since that is something that would normally be No 1 item (on the Board-room agenda) whenever they meet. Publishing the minutes of a few meetings would show where the rot lay, but then "we" are always kept in the dark.....aren't we?