Sunday, March 11, 2007

City Share Price Movements (Week Ending 9.3.07)

This is the weekly article charting Manchester City Plc's share price movements during the last week. The price doesn't usually move very much and not many shares are usually traded, so you can pick up here at the end of each week our summary of the week gone by.

Last week's share activity was relatively flat apart from a trade of 25,000 on Friday (9 March). From the information available it is unclear if this trade was a purchase or a sale, nontheless the shares ended the week as they began at 34.5p.

According to reports in Manchester and London the various parties interested in taking over the Club have now done their presentations. It was also widely reported in the press that potential American investors were being shown around the ground last week. None of this activity has been reflected in the share price or activity. In some ways we should also be thankful that the share price does not reflect the performances on the pitch!

Until a formal takeover bid is made, considered by the board and recommended by the board interest/ activity in the shares will probably continue as normal.

Last week:-
Finishing price (mid): 34.5p
Bid price: 32p
Offer price: 37p

Share price movement for the week:-

05/3 2,000
06/3 5,000
07/3 5,265
08/3 1,433
09/3 25,000

Total volume for the week: 38,698

All information taken from Plus Markets Group


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