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maybe they could cap gas prices too, i thought we were capitalists?
well it doesnt help amc, UK poking the bear again..
Hi Geng, I totally agree and see why people would want to sell, especially those who bought in, like you say around 0.7p.
In terms of long term holder recovering any losses, I think there are holders, myself included that fear the Russians may not approve this $35m deal. Otherwise it would be a no brainer!
Lets hope this misery is over sooner rather than later.....
pepe: "i dont understand Who sell this below 2p"
Anyone who bought at 0.7-0.9, has been able to sell for around 100% profit, and can still sell at 40% profit.
I wonder if those long term holders that sold out in the 1.4 - 1.6 range will be tempted back in, will mitigate some of the loss?
The concern is over whether or not the Russian authorities (RF) will allow the deal to go through at the agreed price or dictate it has to be lower, as happened with another acquisition recently. The sale price was pretty much halved. There is then the trust issue as to whether or not RY will find a way to cheat share holders by not paying the dividend out or spending the rest of the cash on some other folly. He’ll be desperate to try and continue AMC in some guise so he can continue milking a monthly pay day out of naive pis.
1.8p plus share value 2.2/2.3p not? My AVG is 2.7 but i preffer to recibe 2.2/2.3 than nothing ...i dont understand Who sell this below 2p
Let’s just hope he can get it through…and quickly!
This is my last holding in any company associated with Russia - lost a small fortune on EUA which just never came through in spite of all the hype. At least RY got a deal on the table, finally.
No wonder Robin wants to sell up.
https://www.bbc.co.uk/news/world-europe-62750584.amp
Would anyone invest in Russia. You would have to be stupid.
How long do we reckon it will take to the authorise purchase of Kun Manie and the monies leaving Russia.
We know that previously, other deals have been "moderated", and so my understanding is that the 1.8p dividend is not guaranteed until the Russian state approve the purchase.
DB : Chart update, with comments, the sell target is falling with time.
https://invst.ly/yv4pz
They say charts aren't any good but in my view they are right more than any other method. There is still a chance of a breakout above the SELL line currently 2.1p, which although strange from a fundamental point of view isn't from a chart point of view. who knows a second bidder, change of RF leader, RY keeps all the cash and plays a blinder.
I'm still very interested to know who holds around 80% of AMC and didn't vote both times, there cant be that many dead holders surely? This information may be the final twist in the AMC story.
In my opinion. The RNS on January 25th was a complete ruse. We have been legally done up like a kipper. At the time, after waiting 18 months for good news, I was highly suspicious, and my instinct was right. One last effort to empty the pockets of his loyal long-term holders. He told us he was offered 7p, and it ended up being less than 1p. It is now 1.8p. It peaked at about 4.5p the day of the RNS but closed at around 3.5p and never climbed over 3.50p again.
In retrospect, I can see how bizarre everything was because the SP kept falling after that day—why would it fall if we were receiving 7p?
TDT check the daily chart of 25th Jan, opened at 2.04 we had a high of 4.23 and we closed up at 3.5. It wasnt til late Feb that we dropped from the 3s into the 2s and ended up below 1p in early march.. (Im using IG INDEX data)
Hi Geng, do you have a view on this years, 8 Month chart ? Would you say it’s unusual or are you aware of other stocks with similar charts.
I think you are all talking about two different occasions!
When the Rumour leaked you could sell at 3.8p easily, the bid was there or above for a few days, plenty of opportunity!
However when the 1st 'deal' was announced you couldn't sell any meaningful amounts above 2.8p
If any of you want proof just look at the charts anyway, its not difficult. Either way there was many many chances to sell way above the maximum being offered now circa 2.2p
JEZZAC
That's not my recollection but if you can verify what you say I stand corrected.
TDT
"It fell back to 2p in about 90 seconds, you'd never have got your order completed."
Utter garbage it closed on the day at 3.5p and didnt hit 2p for at least a week.
Right still waiting if we get 2.2/2.3p for all (1.8p dividend plus 0.40/0.50p selling shares), its ridicule but thats all .. after years here i will loss a 15/18% from 2,73p avg
"Yes you did. You could have sold your shares on the open market at 4"
Utter garbage, it hit 4p for a nano second and was a buy price not a sell price. It fell back to 2p in about 90 seconds, you'd never have got your order completed.
No we did not have the option to bale out at four. We had the option to wait for years.
And why should we have left at 4p when he claimed that AMC was initially promised 7p before being lowered to less than 1p?
Since we are only getting 1.80 per share he should just get the money and just pay us. We don't need anymore of his delaying tactics and nonsense. The longer we wait for payment, the greater the chance we will end up with nothing. I would like this payout to be finalised as quickly as possible. I'm not saying I don't trust RY, but remember what happened with the wait for the TEO results? We waited years, and it only arrived after he offered AMC to the Spiv for peanuts. The longer we wait for authorisation, the less we are going to end up getting. As far as the money in the bank, he can keep it. I, personally, will be happy to exit as soon as possible.
Db, Slowly probably' knows otherwise ' so stop talking s*it
Slowlyslowly hi, how do you rate the risk element here. What are the odds of Putin authorising the dividend, 100% guaranteed, 75%, 50%, 25% or less ? It appears the Bod wants to motor on in their EV’s. So what if it’s not authorised, is it to be paid out of the Market Cap or will it be cancelled ? POG has recently been delisted & posters on the bb stated that the UK regulator has given the Russians a free gold mine. The incoming PM may not be on the best terms with Putin. Three Months is a long time to wait in Dodge.
Also the subsidiary sale was reported in 2021 that cash pot will probably be diminished to some degree by now, unless you know otherwise.
Of cause this will carry on, ‘if possible’, it’s a good money spinner.
TDT that was my impression too,but here we are!! So what the hell do we know:))
MD