LiDCO (#LID) – recommended offer of 12p per share
- 2020-11-02 07:58:00
An update from LiDCO Group (LID) commences that the company “announces that it has had further success in the USA, contracting three additional customers to its recently launched differentiated High Usage Programme business model. HUP continues to build momentum after its launch in July 2017”. Sounds promising… so why, and particularly with the shares down from approaching 8p in May to below 6p, has the stock not responded positively?...
At first glance we have a relatively strange daily chart on our hands at Lidco, one which some traders might fight a little perplexing.
Bear raider Evil Knievil is short of shares in medical products company Lidco (LID) shares in which trade at c22p. He reckons that they should fall to close to TNAV (c6p per share) but admits that there are a “lot of believers” he would probably close out at 15p. But will he get his paws badly burned?









