CPP Group faces liquidity questions as rescue vote shifts focus for AIM stock
CPP Group plc was last seen at 33 pence in delayed London trading Wednesday, gaining 24.5% for the session on volume of more than 134,000 shares, well above its 65-day average of about 13,000. No new RNS from the company in the last two sessions. This is a vote-risk move ahead of its July 14 general meeting, not a sign of a clean turnaround. CPP trades at 33p, putting the company’s market cap around £3.0 million. Shares are still down about 80% from a 52-week high of 163p and sit 32% above the recent 25p low. AJ Bell’s quote showed 31p to sell and 33p to buy, leaving a 2p spread, or roughly 6.3% of the midpoint before dealing costs.