Adnams Shares Trade in £300,000 Block as Small Brewer Runs Turnaround Math
Adnams plc Class B got a jolt of activity Thursday, as a single £300,000 chunk traded in the afternoon and ended up making up nearly all of the session’s turnover. The mid-price held steady at 1,600p after the AQSE close. Aquis data showed 18,851 shares moved in three trades, about 6.6% of Adnams’ B ordinary shares. The final trade came at 15:43 BST. Liquidity mattered more than price here. The main trade was 18,750 shares at 1,600p, almost all the day’s volume at 99.5%. The spread stayed so wide it could take out half the mid-price. For a stock this illiquid, that’s the story—not momentum, at least not now.