From there after price has been regularly on the up with sizable quantity and rallies taking the price up 0.50 or more on some days. Today it is touching 14.5.
Few day after each of these we find out that Peoples Bank is collecting. They collected quite a bit at 13 and then at 14 and the latest disclusure confirm collecting above 14. Feel certain that in the next few days we may find that they have bought up to 14.5 today.
I was happy to hold PLC for long term at around 12/13 due the dividend which seems to be a regular event now but not sure at 14 and above. At the same time due the fact that Peoplse bank is collecting makes me think this will give short to medium term capital gain.
Wonder what the members think and to what price peoples bank will buy up to. Why are they collecting and why from the market? Any comments most welcome.
PS. This is not a promotion, just an observation. I still hold PLC shares.