Why are Speedy PLC Shares Going Down?
Why are Speedy PLC Shares Going Down?
Over the last few days we have seen a couple of pence wiped off the price of Speedy PLC Shares, but why is this? – Many people have been saying that they expect Speedy Shares to Shoot Up but they haven’t at yet.
I have constructed a list of factors why I feel the share price is where it is today.
- Footise 100 – There seems to be lots of uncertainty at the moment in the stock market, and a reflection of this can be seen with not just Speedy Shares. People may feel optimistic about the future and that perhaps people saying we’re coming out of the recession has been hyped up a bit.
- Through supply and demand, you can see that more shares are being sold at the moment and this is driving the price of the shares down. As more shares enter the market to be sold and with less people wanting to buy them, a fall in price will incur to encourage to buy the shares for sale.
- Rights Issue – Don’t forget that there’s far more shares in circulation than there were a few months ago, meaning now that even more shares need to be brought than usual to increase the share price.
- Offer Price – When people want to buy shares they can set an offer price below the share and asking price. Sometimes people ask a higher price for their shares when selling them and people offer less than the share price when wanting to buy them. People may have come in at extremely low offers, and some sellers have decided to take these offers and so has reflected in the share price.
- Quick buck – People have made many thousands over the last few weeks and have decided to sell them.
- Other Investments – People may find other better investment opportunities have come up, and with money being a limiting factor they have decided to sell speedy shares to raise capital to buy other shares.
- Confidence – Don’t forget confidence in the construction and hire industry remain low and will play an important role in any decision made to buy or sell shares.
