I was looking at Frp Advisory (LON:FRP) recently and it looked interesting after it's recent full year trading update but then it appears to have come back down with a bump following the announcement of secondary placing (may not be the sole reason as it looks like share has jumped and sold off before on results)
Please could someone who knows far more than I do share their thoughts about what the impact of this secondary placing is likely to mean for the share in the weeks ahead?
Appreciate no-one has a crystal ball but presumably a sale of this size doesn't exactly ooze confidence. I see that two of the selling directors/PDMRS do still retain a good amount of shares after the sale and that they were sold to institutional investors which presumably means less chance of an overhang, particularly given the lock in period that now applies?
