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"""Reverse Split good for the Company, bad for the shareholder. Doji Wan Kenobi"""
Good 'ol Range. Never fails to disappoint!
Lolol.
posted on ADVFN -
1:100....There is always a loss for investors in a Reverse Split. One always hears that the stock value will be the same despite whatever ratio. However, what you DO NOT hear is about the initial investment. The market fluctuates daily, so it can be unpredictable sometimes. When the market is down, unless you sell, there is no loss. Basically, you ride the wave, waiting for it to return to or above initial investment. Now, if the Reverse Split takes place BELOW your initial investment, you will receive the number of shares based on the current market value, NOT your initial investment. Since you did NOT sell, you can’t report the loss for taxes. Now, you will NEVER be able to RECOVER your losses with less shares, especially if the Reverse Split was 1:100, and if you sell now, your current shares/value does not equate to the initial investments. Now you have capital loss without you selling. Basically, it like you gave free money to the company or they robbed shareholders. Reverse Split good for the Company, bad for the shareholder. Doji Wan Kenobi
….SP to be in a sustainable up trend. this I doubt very much will happen.
Previous levels, 0.004 had acted as support but as we know it had been breached. Therefore 0.04 had now become resistance leaving 0.003 as the new support level.
I suspect 0.03 will also be breached in the coming sessions to take the SP lower. RRL really do need to start producing a good flow of news, if the RIG sales, subjected to inspection, are not completed on time the markets will take a very negative view.
The resistance at 0.04 is very strong, any close above this level will be positive ; howiewver there needs to be substantial news flow for the
Although a reverse stock split can improve share price over the short term, it is important to remember that the market capitalization of the company has not changed. With that in mind, some experts consider a reverse stock split nothing more than a distraction to assuage investors during times of corporate uncertainty.
..Reverse stock splits boost a company's share price. A higher share price is usually good, but the increase that comes from a reverse split is mostly an accounting trick. The company isn't any more valuable than it was before the reverse split. Whatever value it has is just distributed over fewer shares of stock, thus increasing the price. A reverse split can sometimes save a stock sinking in value from a delisting.
Do RRL actually have a choice in the matter...?
It is usually a very negative sign when a company reverse splits their stocks. But how the market reacts often depends on what else the company is doing to reverse its fortunes.
If it simply declares the reverse split and goes on with business as usual, investors may see the split as nothing more than a smoke screen, and the price may go right back to falling as they sell their shares. But if the split is accompanied by serious changes in management, structure or strategy, investors may give the company more time to right the ship
Looks like the chart had now confirmed intention after some indecision the last couple of sessions.
Last Signal: SELL .
Last Pattern: BEARISH HARAMI CROSS.
Signal Update:
Our system’s recommendation today is to SELL. The BEARISH HARAMI CROSS pattern finally received a confirmation because the prices crossed below the confirmation level which was at 0.0375, and our valid average selling price stands now at 0.0350. The previous BUY signal was issued on 23/10/2019, 7 days ago, when the stock price was 0.0400. Since then RRL.L has fallen by -12.50%.
Market Outlook:
The market ran out of steam and the traders are now more in agreement about the bearishness. The evidence is strong enough to prompt the closing of long positions. The bearish pattern that was previously identified is finally confirmed and a SELL signal is generated. You still have time to follow the signal and then you may start checking other securities for a bullish bet
Pattern Description :
This is a major bearish reversal pattern, which is even more significant than a regular Bearish Harami. The outline again looks like a pregnant woman, as with the Bearish Harami Pattern. However, now the baby is a Doji. Basically, the pattern is characterized by a white body followed by a Doji that is completely inside the range of the prior white body.
https://www.britishbulls.com/SignalPage.aspx?lang=en&Ticker=RRL.L
As someone who has to plough through all the crud and generally just lurks it's an improvement on all the conflicting information/misinformation that's been posted of late.
Ramper. Deramper. All gone quiet
here is the chart, the Doji is the small last little cross located just after the BEARISH HARAMI CROSS which is highlighted in red.
so as I stated it's more or less as is , lets see what happens Monday as the bulls and bears go at it again ….
https://www.britishbulls.com/SignalPage.aspx?lang=en&Ticker=RRL.L
Chart produced a Doji signifying equality and/or indecision between bulls and bears. A Doji is quite often considered as a sign of possible reversal of price direction. a Doji, daily candlestick, indicates neither the Bull or Bears are in control.
Makes for an interesting open on Monday, looks as thought the initial interest in the RIG's sale, subject to inspection, was not enough to take the SP higher. Maybe another RNS Monday, to at least try and stop the determination of this downward trend. Obviosuly the market was not impressed with that last RNS, maybe caution is being observed until the monies actually drop in to RRL bank account, well I presume it's headed there all subject to inspection that is...
Range do get the funds from the sale, don't they?
the problem is DL when you relax you can end up being spiked and the locked in for years or until the share delists..
as for adjusting the chart, yes I took all the noise out of the chart so it quite raw as you know it works better at these levels.
I will look forward to you prediction, 0.05p will that happen early next week, late next week? that is a quite a big jump from this level..
MAn relax
It is going up
It is above 0.05 p next week
Learn and adjust your chart
I hope I can count on you to police other posters TA post as you had not done that previously, new role? As you know a poster just posted the link, pattern name and nothing else, no market outlook , no last signal...
thanks' again for your co-operation on the matter and I’m glad I have the chance to educate you with regards to TA and hopefully one day you could even contribute, which I look forward to, rather than just policing the BB..
Jim so now the BEARISH HARAMI pattern had been identified tomorrows sessions will determine what will happen next.
it could fail, it could play out...
however posting about patterns that are days old which have had 5 daily candles since the pattern had been recognised , whilst stating they are in a row, is absolute nonsense and lies.
if you know about the subject then you would know that I am correct.
apologies, I did yes.
I did post today about filling the gap and signs of bullish, but needed to breach 0.005. As you know I have my TA and still feel this will continue on a downward trajectory. I did post the market outlook, which is forward looking and since this is new pattern and not one that Is a few days old followed with different daily candle then what I posted was correct. Think you need to re-read my posts. I don't have any objections to alternate views but posting out of date patterns is wrong. You can clearly see the pattern highlighted in red, the last two candles. With respect Jim when it comes to TA i'm open but not when it is blatantly lied about. which you can see that I have not.
Darth you forgot to post this bit........tsk tsk tsk....
Signal Update
Our system’s recommendation today is to STAY LONG. The previous BUY signal was issued on 23/10/2019, 1 day ago, when the stock price was 0.0400. Since then RRL.L has remained unchanged.
The SP failed to breach the 0.005 which left a bearish pattern in on the chart.
Last Pattern: BEARISH HARAMI CROSS.
https://www.britishbulls.com/SignalPage.aspx?lang=en&Ticker=RRL.L
Market Outlook
Candlesticks warned us today to be on alert with a new bearish pattern. Market attention is now on the downside. SHORT is a dangerous signal. Sudden increases in prices can lead to huge losses. For this reason stop loss levels must be kept in mind at all times and SHORT orders must never be placed without a stop loss.
This is a major bearish reversal pattern, which is even more significant than a regular Bearish Harami…..
yesterdays Gap Up filled, SP needs this to breach 0.005 that would confirm bullish trend...
loadsamony , yes see it. i read some posts on other BB's recently and I think the accusations all come from one source...
rrrl chart still looing bearish, notice the SP is still in the downward trend despite the efforts to breach 0.005 in the yesterdays session, 0.004 still strong resistance. I'm thinking it will the take more than a fire-sale to get some traction here, but you never know, stranger things have happened.
Still sitting on my hands., if I see I trade I will say so.
loadsamony, yes you are correct and it is always worth taking that into account. PI's / gamblers got spiked @0.008 so...be careful..
Nice little rise here today on some positive news for well deserving shareholders, great to see.
yes it's confirmed; however no mention of the Gap Up today, which i suspect the sp to seek out. SP hit 0.005 and never had momentum to breach it. settled 0/004 which had not been tested today but had been breached previously. I would expect the SP to continue in this downtrend.
SuhailM3471
Approximately $8m in cash after these deals
Shares in issue 11,781m
Value of each share 0.00067906