City Share Price Movements (Week Ending 1.6.07)
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 saw Ray Ranson formally withdraw his indicative bid for Manchester City Plc but reserving his right to make a bid should any formal bids be forthcoming.
Whilst media speculation about Thaksin Shinawatra acquiring Manchester City Plc continues no formal bid has been made. Nothing has been heard from or of the "mystery American consortium" or indeed the other interested party (Manchester Evening News often refers to four interested parties) looking to acquire or invest in Manchester City Plc.
Until formal bids are made or additional information issued by the respective parties, share activity/ interest is likely to stay low. Saying that, there was a small amount os shares traded on Friday.
Finishing price (mid): 45p
Bid price: 40p
Offer price: 50p
Share price movement for the week:-
28/5 Market closed
Total volume for the week: 4,407
All information taken from Plus Markets Group