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You could be right Meta, below 66p now, I thought 70p would be the new low now I’m thinking 60p it’s gonna be a long time before we see this top 70p again, how depressing :( if ever we needed a positive news story....
The low volumes, if they are to be believed would suggest that people just don't see this as an attractive share to buy at the current price. It could be that this slips further to try and attract more buyers in?
Agreed, I would imagine today’s political news & tomorrow’s likely interest rate decision may help us tick up, I’m not holding my breath though ;)
DEMPS- I'm trying to stay positive like yourself, but must admit i am loosing patience. We saw a good few bounces from these levels to 1.20 from September onwards but seems to be going downhill at the moment, so the very least we can expect from the BOD is a trading update confirming any potential disasters if any are on the horizon. I'm invested in Capita too which has won a big MOD contract despite being in a similar position to IRV, so i too hold some hope. We need to know of the debt guidance included any further EFW costs, and some disclosure on how much they expect to recoup from insurers would be nice and drive up the share price.
Demps, I think it is the high debt after refinancing that has caused the depressed SP.
DEMPS fair point, I don't fear a capital raise here either, it certainly worked well for shareholders at Capita, if it puts the bears on the back foot and stop the speculation!
@riskybiz I concur, the only solace is Capita being awarded that big MOD contract with the same rating, hopefully we will re graded to Amber soon. Should eliviate some of the nerves.
I think the whole market's nervous on this one DEMPS not just you - we must be close to any potential trading update pre close which is no doubt worrying potential buyers - The company needs to show it can win significant contracts without the need to refinance, as clearly the parliamentary notes showed that they are viewed as a risk which may go against them, DW and BOD no doubt acutely aware!
@Bill I know very quiet here, there’s been some chatter in other boards, I’m just trying to keep positive and remind myself this is a long term investment. I would like to see this bounce back to 80p in the short term. This has reached £1.20 before refinancing & 1.11 shortly after, pre refinancing you could understand the the low SP, as we were on life support, now that we are in the recovery room be nice to get some regular updates on our progress to keep the shorters at bay. I am a little nervous about this if I am honest. Having doubts we will ever reach £1.40 within next 18 months which was my target. What are others thoughts as to why the SP had sank to this extremely low point.
Hard to gage where this is going with the current radio silence, though i might buy some more for trading.
Dipped a bit under 67 but closed at 68, support has still held. That is something at least.
Another day another slide, can’t believe a good day is when your grateful for a little fight back at the end. Obviously markers taking a battering.
I’ve been thinking that since it was @ 85p :( just keeps dropping, i top up and it drops again. 1 blue day in over two weeks, and not much of one. Really disappointed by this performance.
Good opportunity to pick some shares at this price.