RM (LON:RM.) share price closed over 10% higher today, with most of the increase happening in the final hour of trading, albeit on comparatively low volume. I know the company reasonably well having held and added to it over the last 2 years or so. RM (LON:RM.) is scheduled to announce interim results next Tuesday and the expectation given the AGM update on 27 March is that these will be in line.
The share price has been steady between 230p and 240p since the market sell off at the end of 2018 and are in my view underappreciated. Having said that I know of no reason other than perhaps anticipation of the forthcoming interims, which given the in-line trading statement is perhaps unlikely, as to what has caused the sudden share price increase. It may off course be the random and often neurotic behaviour of Mr Market; however it may also be that I have missed something, which wouldn't be the first time and certainly won't be the last.
Views and thoughts anyone?
All the best
No idea, I'm assuming either anticipation or a leak of interim results...
...but thank you for brightening my day, they are one of my larger holdings :-)
