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Lots of after hrs trade
IMO - It could be classed as revenue per bookkeeping definition but definitively not a revenue (earned) in a business/economics sense because hmso doesn't produce buildings/property as their main activity.
Asset conversion (at loss in this case) is a very different animal, if we go your way then even (buying first) selling gilts ofr overnight (short-term investment) would be revenue (and it is not).
VIA also supposed to be productive asset (generating rental income), after sale it won't (in reality it already is not, generates loses {maintenance costs > rental income collected} hence valuation drop as PV)
Is it receipt? Although yes, you might be right, let's not over-complicate this.
I guess that makes my target lower...
thats what i was thinking Pokerchips. what is VIA i'll have to read up later.
Poker well spotted, indeed you are right.
Agreeably you would then need to calculate the prior write down on the books given the low sale price.
tidd83
great work..appreciated ...but arent you carrying VIA twice ?..in the sense that it is "supposedly " in the MCAP value as an included asset ??
The portion sale of VIA is effectively (or was) a key revenue stream.
The raise will bolster cash positions and service debt to keep the sharks at bay HOWEVER, in order for this to work the retail sector needs to see a near term upsurge back to normality.
Will that happen? I for one do not think so. There will be more pain to come however it does allow the company to stay afloat in the hopes the economy turns but it will be a long and slow recovery and given the situation around rent collection and pricing mechanisms I do not believe revenues will be sufficient to keep the wolves from the door.
well they stated a "theoretical" ex-rights price of 25.59p - as dbno suggests low 40's leading up to the ex-rights day of 10th Sep ...
tidd83 Thanks for calcs.
I do (in a way because a bit more complex mechanics behind it) agree on RI inclusion methodology (in a very simplified way) as part of capitalization but VIA is rather asset conversion, even though it does improve situation with liquidity (at a cost of losing some equity because sale goes at discount) and therefore reduces risk premium (and this affects sp positively).
VIA shouldn't be there as part of equation.
well it will depend on how many of those 15p shares are dumped onto the market for a quick profit ..that is what will likely take it down towards the 15p level-- IMO...-which I guess is what FS is refering to , and with the current overall market/economic sentiment something would need to change in order to change that way of thinking ...IMO
yes i read your post what SP should be post RI at 31.6p. thanks for posting saved me having to work it out myself. I think SP could possibly go to low 40s. when is the RI? if we see a drip drip drip drop everyday then who knows where its going to end.
down, I calculated that earlier but if you review the TERP url below and add on VIAs proposed sale value (if concluded) you will see that I was pretty much bang on.
https://www.trignosource.com/finance/TERP.html
With such a overhang after the RI, its sure to be choppy for a bit while they are all processed into the market
i don't think it works like that Bully1985. but having said that Ted baker shares went below the RI price. so if the RI price is 15p then why not have a target of 15p and go the full hog??
you just know a bounce is due when bottom fisher ODONNELL is here.
" Is there a price where it may be worth buying for recovery? "
well work out what you think the market low is going to be and use that as a starting point..
whatever price you pay be sure to stand your corner in the RI or you will lose practically 95% of your investment.
Effectively you need to double down. Why would you?
Is there a price where it may be worth buying for recovery?