vcm11

GBP 95.5m in cash - mcap at £47.2m - SD upped holding to 29.89%

Long
LSE:GMD   None
Extremely bullish here based on the numbers from last report.
Looking for 40p at least if not more.
Hoping to see an RSI & trend line break out
Sports direct will need to do a take over offer if they get to 30% holding. they have 29.89% at moment.

Continued strong liquidity with Group cash of GBP95.5 million
as at 26 January 2019 (2018: GBP84.9 million) and access to aggregated
facilities as at today's date of up to GBP110 million across
the UK and Spain

Trade closed: stop reached: Closed as price wasn't going the right way & best to protect profits.
Comment: I meant capital as I closed it at break even