By Nigel Somerville | Thursday 1 July 2021
Disclosure: I have no positions in any stocks mentioned, and no plans to initiate any positions within the next 72 hours. I wrote this article myself, and it expresses my own opinions. I am not receiving compensation for it (other than from ShareProphets). I have no business relationship with any company whose stock is mentioned in this article.
New-boy to the London Stock Exchange’s (sub-)Standard List, Cloudbreak Discovery (CDL), which listed as Imperial X – such was the hurry to get the IPO away, has announced yet more ramptastic news. This time it is investee Imperial Helium which the company is banging the drum about, as commercial field operations have commenced. So why are the shares off by 12% at 2.85p – now below the IPO price?
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