Tuesday 16 October 2018 | ShareProphets: The one stop source for breaking news, expert analysis, and podcasts on fast-moving AIM and LSE listed shares
Columbus Energy – placing which “follows strong market interest from two of our major shareholders”, what’s with the price then?!
Ventilation products group Volution (FAN) has updated on its year ended 31st July 2018, emphasising “revenue in the 12 month period was £206 million, an 11.3% increase (11.2% on a constant currency basis) compared with the prior year” and “our increasing market and geographical diversity, together with significant investment in new product innovation, gives us confidence for the year ahead”. Do the shares thus merit a higher price than the circa 200p they were also at as long ago as early 2016?...
Volution Group (FAN) is another by-product of that IPO glut around 2014, when private equity funds found plenty of willing buyers for a wide range of businesses.
There may not be a tremendous amount of charting data to go by at Volution Group (FAN), and this may not be the most liquid share in town, but there has been enough material here in terms of the share price action and interaction between the near term moving averages over the past year to make a decent charting call.
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