Volume has been tiny and a large bid/offer spread has meant big moves if you need to sell. Same as always. It works both ways and it'll be the same when people decide they want to buy.
I think we are drifting because of the lack of guidance. It looks expensive if you look at last years earnings and add 25%. It's not until you do some more detailed numbers that you realise 25% revenue increase could mean 60-80% once it hits the bottom line.
That's what is holding it back IMO. Once management gives the market some sort of update the market might realise there's a fair bit left in this. All assuming they are on track for "beating market growth rates" or whatever the exact words were.
It will continue to tread water until the AGM in a few weeks. Still think TIL will suprise the market with the trading update happy to add to holding at this level.
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