So it’s exactly what I spelt out earlier today. At least the message is consistent from IG. They apparently have done this to around 1100 different small / mid cap stocks.
As I mentioned earlier I suspect many AVZ CFD holders will be looking to exit out of their positions in the coming days and buy ordinary shares on market. As I stated earlier the CFD pro desk broker I spoke to yesterday said there are a lot of AVZ CFD holders on their books. This alone could push the share price higher next week with many having to purchase the full stock now before any Ann’s.
AVZ Price at posting:
19.5¢ Sentiment: Buy Disclosure: Held