Puzzling....but not out of kilter when compared with the other like-4-like businesses...PTN and FKP.
Yes, a sell-off by PTN is certainly on the cards as they need the cash and the way they got the former BBC shares was by offering script...so it was as good as a placement. Read: money for jam and you've got to feel sorry for the BBC shareholders who fell for the PTN offer.
PTN are due to make an ann v soon so I would have thought it smart to put forward as good a cash posiiton as possible so as to keep the shareholders placated.
I'm tipping some upside potential in PTN at the current prices.
LLP Price at posting:
16.5¢ Sentiment: Hold Disclosure: Held