Caffyns move hides £42 trade as spread swamps dividend
Caffyns plc popped up 24p, or 6%, in London on Tuesday, but it looked more like a microcap blip than a real rerate. AJ Bell reported just 10 shares traded, with a session high of 424p and a £11.56 million market cap. Hargreaves Lansdown had the stock ending with a 350p sell, 450p buy, and 400p close. The 424p trade for 10 shares put the trade value at £42.40. The spread between the bid and ask hit 100p, more than four times the 24p move shown in the quote and 20 times the 5p final dividend set to go ex-dividend July 9.