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You say "also potential of high reward". Where would a high reward come from exactly?
If they closed that spread in the right direction, things would look a lot better.
The Hambro overhang and possible 95% dilution or even complete loss if this goes private are just a few of the things that make this high risk. Yes, also potential of high reward, but aren't most high risk things are binary bet.
Still can't believe Morses was worth £77 million this time last year and just <£1 million today.
But they are still lending. As I posted on Friday, they did not get the %6 million they usually get in December so have had to reduce lending but they are definitely still making loans to customers.
I heard someone mention a take over at 2p, but why would a buyer pay 2p when you can buy today for less than 1p...
https://www.asktraders.com/analysis/morses-club-shares-plunged-21-on-new-scheme-of-arrangement/
It may be right , the bounce has started at UBG also
Bottom reached?
We live in hope but that’s all we can rely on. I think the sale by Hambro last week has put a lot of liquidity into the market which isn’t normally there and that will create a drag
The bottom has got to be 0.4p then that’s all cleared out any sellers I hope
Mick r,I have rode this real well 0.5 -1.72,I'm thinking 0.6 for a buy would be great for a re run without no loss,but I did invest my profits in a much better company,
I will be back in if it goes below 0.50p, only for a trade.
DYOR
Morning Dom. I don't think it will go back down to them levels but will join you if it does.
This company has been honest about what it is doing and the reasons behind it. I think that is refreshing considering what you get from other companies ( Syme is a classic ) To have shares in a private company at as near as dam it 2p a share to me is a no brainer gamble.
Your hatred for this company is clear. You are entitled to your opinion though but do you have to be like it all day?
It is lovely out. Go and have a walk in the snow. Feel how wonderful life is without stress and come back happier.
Yes they have? These latest directors seem to be moving it forward when other companies all around them are failing
Morning Alan if we get to 0.42p I will join you if getting a few more
Directors have no skin in the game. They are looking after number 1. They were warned years ago to act on complaints but put their head in the sand. All depends on Haywain who are the biggest shareholder and floated this in 2016 and the SOA
I got back in again at around 1.92 but did sell at 1.979 after buying in at .42 so more than made up for what i put back in here. A little gamble but if your not going to lose your shares here like you do on most other delisting then to me it is well worth the gamble. After all, they are doing it for the good of the company so can't be a bad thing.
Ramping the share and getting loads spiked. Plenty on 50% plus losses .
Well done to anyone who bought at that 0.40p zone and held until high 1ps before selling.
Almost impossible to get it right.
As I said at the time I missed the boat after hesitating but I'd not have held for long (maybe to 0.65p then ran) as I genuinely didn't have belief this would go past 0.70p.
It is definitely not a MEAL share situation and I hope no one was caught out buying at 2p.
It may spike spike again around 0.60p perhaps as there is still a month, I believe until delisting (which will be passed, they always are)
GLA and be carful as others have warned.
Out of the blocks this morning. Most must be selling at a loss unless bought on large dip down.
Hi plum , yes starting to move back up but with UBG it will take a few days to get going .
Still blue on my very small investment, not selling as yet, see what Friday brings:)
Dom yes still hold a few from Friday. Missed Ubg this morning, hope you did ok
A few more twists and turns than we should be off and running , i you still in plum ? Same at UBG but should get off to a great start tomorrow
Sold my last at 1.2p and will watch it track lower until the delisting vote which they should win.
Someone letting the shorts out or mates rates to buy in.
Either way the MM are playing a blinder.
Supposedly more buys than sells but price has been aggressively dropped since mid morning.