I think a lot of people (as always) bought this one in the lead up to the result expecting to be able to make a quick and easy 15% profit once the report came out.
It never happens like that.
this contributed to and increased the volume of the sell down this morning. combine the geniuses who go off to work and set their automated stop loss orders (why i'll never know)
The stock is now being soaked up towards the 46/47 level again, and this despite the market getting smashed.
Once the last of the short term stock is soaked up, this one will be on its way again.
What happens in a few weeks when a few more million is in the bank, and a few more million after that.
The bulk of the sell down this morning amazed me.
And with the ann't this morning of the new dividned policy going forward an attractive story has just got even more attractive.
I think a lot of people (as always) bought this one in the lead...
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