Market's view on Good Enrg
Published on April 2024
- There is a discussion of a possible overhang from a previous placing at 250.
- Stock watchers indicate that the overhang has been cleared and they have been purchasing stock in the 240s.
- A significant transaction involving 41,000 shares was noted.
- There is a unique selling situation where a large quantity of shares could be sold at 2.5p over the indicative bid price, which is seen as a positive sign.
- Observations include a low appetite for selling the stock, even in scenarios where a price drop was expected.
- The CEO and CFO have been buying shares, which has been seen as a positive indicator.
- Discussion around a price support level at 240, suggesting it could either hold or drop below this figure.
- Mention of the ‘Naked Trader’ buying into the stock, seen as an encouraging sign.
- There is a mention of recent transactions that seem unusual, such as mid-price transactions, which do not match typical buy or sell prices.
- Discussion on the financial commitments of board members, noting significant purchases relative to their apparent income, implying a strong commitment or confidence in the stock.