The good thing is that we have worked in to the market all the placing shares in the last week and a half and are still sitting here 3pts higher than the placing price.
I also think a lot of the shares have been taken out of circulation by large II's buying on the market, would like to see the website updated for the large shareholding now to see how many shares are still in free float.
IMHO there are not that many so any news now will send this north at a rate of knotts
From what I can find out, the tax loss won't be too much longer, weeks rather than months :) The sooner it's returned and an RNS released the better, and who knows we may end up with a small bit of the equity swap going our way ;);)
Yes, otherwise I wouldnt be invested here tbh. I also think that just an rns saying that MCA is now back in the fold with the tax loss asset now in hand, will add a very significant amount to ECR. All the best.
You still think the Tax Loss RNS is only a matter of weeks away? I just don’t know myself, even if they do get full control of MGA it may still take a while to sell on, unless of course all of this has already been dealt with?
I have a meeting for an hour, so will be in later.
they need money and are planning to get it from somewhere, I cant see that there will be another placing either, but have been wrong. Re the previous bad management, Yes it would be better if they didnt have this baggage, however if they didn't then the SP wouldn't be this low for us to buy in at....nor would it have the potential upside. That the BOD are dealing with everything and dealing with it very well is really what is giving peeps the belief that it ECR is very much on the up, They have steered a course though the rapids, only a tiny bit left, the promised land on the horizon very much in view..:)
Datafeed and UK data supplied by NETbuilder and Interactive Data.
While London South East do their best to maintain the high quality of the information displayed on this site,
we cannot be held responsible for any loss due to incorrect information found here. All information is provided free of charge, 'as-is', and you use it at your own risk!
The contents of all 'Chat' messages should not be construed as advice and represent the opinions of the authors, not those of London South East Limited, or its affiliates.
London South East does not authorise or approve this content, and reserves the right to remove items at its discretion.