Don't think so, the lowest they've been is 94p and only that for a week when they initally listed. The lowest price they've been in the last year is 97p so they are barely above the water here.

It's interesting that PlusNet haven't yet spun the COO's departure (and restructuring) to the City. Presumably he wasn't a director and they are therefore under no obligation to notify the Stock Exchange. Maybe they reckon it would do more harm than good.

Although not a huge volume of shares changed hands today (66k), virtually every transaction was a sale. On previous bad days there have always been some sizeable buys mixed in with the sales.

Simon

Actually, if you look at Thursday's trading overall, there was a decent slip. Mostly due to Blair's news, and the resignations on Wednesday. The pound fell too.

The graphs are showing a drop from 400p to 100p in the last 6 months.

Some larger purchases first thing this morning - someone looking to get the price back up a bit? - the directors, maybe..............


Michael

Probably exercising their rights to purchase some more shares at a preferred rate..

Forgive my ignorance, but how can "virtually every transaction be a sale"? Surely every transaction must be between 2 people or organisations, one who sells and and the other who buys.

The FTSE100 fell by just over 1% on Thursday; PlusNet shares fell by 5%.

Simon

Technology shares normally suffer the biggest falls as most people want to stick to tried and trusted/bricks and mortar companies in times of crisis.

The FTSE 100 isn't the best guide in all cases.

If you compare the relevant sector to Plusnet it's a lot closer.