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I’ve been a victim of 3 suspensions all out of the blue and in a positive share trend. 2 lost me 1 made me.
It's become a very strange world these past few years, nothing would surprise me anymore. Like I've said. I'm not sure the story here is quite finished.
absolutely.. you could call it good will, except note they don't appear to want to foot the bill for the pensions. what about ethics and all that hey? i mean... you wanna be seen as a good operator, nice to the customers, fair, decent, honourable etc. good will.
What is £5million to the Issa bro’s to pass back to shareholders.
They could do the right thing?
Hmm.
You expected it because you know what you said served no purpose other than to provoke reaction.
Yeah I expected it from somewhere. There's a lot of angry people here today (understandably so). As the quote says "We don't see the world as it is, but as we are".
All the best to everyone with their future trades
Mail*
Mali you asked for that.
Apologies mailgirl.....you too should be proud of yourself, pour yourself a tipple, another legend...
so I'm not sure how much to trust news sources after today's events, but sky is now mentioning an injunction to add to the proceedings so it'll be interesting to see what happens. im resigned to the fact that I may have lost money here but there's still something about all of this that doesn't make sense. only time will tell. twists and turns, it feels like anything could happen. im anxious (possibly deluded?!) to hear good news but what will be will be, if i can only sit and watch events unfold then so be it..
In what way llywelyn?
You are right Redhammy but the red flags are there. MM's were not making a market, they stayed well clear and they (apart from PEEL) all moved in unison. The RNS clearly stated the situation and I have shared with you that my experience says that shares are (always in the ones I have witnessed) suspended between noon and 1pm. It's just something that sticks with me after I sold out of INTU around 12.30ish and the price kept rising, at 12,45 someone ploughed in £10k and just as I thought about getting back in, the trading halted. Experience is a wonderful thing if you have the memory to support it.
What happened here today was scandalous, to suspend trading and stick it into administration intraday pretty much unforgivable. There is a strong pong hanging in the air. I can say with absolute certainty, the lovely people on the link below ( included for your perusal) will not give a flying fig about anyone who invested in the company. They will be calculating with their account how much they are walking away with from this miserable business.
When you digest the profiles of these people, they sound great. Yes, I trust them you might say to yourself. They might even look quite friendly. But stare deep into their eyes and you will slowly see them melt and morf into the majority of double-crossing, dishonest, self-seeking, narcissist business executives and CEOs found in AIM companies.
I'm firm believer in what goes around ALWAYS comes around. Karma will catch up with these pathetic excuses for 'professional business people' most likely in the form of some catastrophic misfortune.
https://www.mccollsplc.co.uk/about-us/board-of-directors/
The markets will be hell generally now for a few months, take care out there
That's a very weird and slightly disturbing post...
You can have Level 2 and every other tool under the sun, but nothing can tell you when a suspension is coming.
I traded this share today and kept noting the comments, but was too focussed on level 2 to comment.
Neill - I appreciated what you were trying to do and i was in agreement with you all the way, but please also try to understand that these boards are full of people trying to manipulate the share price, some are clearly professionals, so it is hard to trust what people post. I read, rarely reply, and check anything that may look of interest. Clearly many are extremely mistrusting, and I understand that, but Neill really doesn't deserve the absolute thrashing he's/she's getting here. Everything said could be checked quickly and easily by reading the RNS. I know you were trying to help, but some people just won't be helped.
Anyone who chose to trade this share today should really only do it with access to level 2 and an understanding of how to read the order book. Doing it any other way really is a gamble. The order book clearly showed that the market makers (PEEL/SING/Wins etc) were steering well clear of this. All sticking to ask at 2p then 2.50p when it got close, apart from PEEL who never budged the Ask from 5.1p. The only share transfers were between people like you and I who were willing to buy or sell.
I have been trading for 5 years now and seen this with INTU, Thomas Cook, Debenhams, to name but 3. That RNS last night was loud and clear, but when Sky News made that announcement it sent the traders in. It happens every time and it will keep happening.
Depending on who you use for your trading tools I think level 2 can vary from about £30 a month to £50ish.
Please, people who lost today take heed and use todays experience as a lesson towards future profits. As I also learned the hard way.
Just to add one final note of advice, for some reason (I do not know why) on "last days" it always seems to be between 12 noon and 1pm when trading gets suspended.
You really did try your best, go pour yourself your favourite tipple, turn off your computer and sit back knowing you did do good for some people Neill. You should be proud of yourself.
Take care everyone and good luck moving forward.
Neil. Are you really still posting. That's a 13 hour shift. Nothing better to do in Greece? Intriguing...
Are we definitely done here then?
Remembers TVZ....that got suspended Intra Day.....I bought in on the morning day it got suspended....Awful feeling, but life goes on....Above all must remain positive...Can see major indices falling for quite a few weeks months now...Plenty of bargains to be had 12 - 18 months down the line imo...GL All OF
Well if it wasnt because of the curry.
Only going by what you wrote. Don’t take offence, I’ll try not to mention it every few minutes……..
I’ve just had a look at his posting history. Every share he comments on is in serious trouble and will be *suspended, *go into administration *be x pence tomorrow *go bust.
I’d say that rather than try and help anyone, he’s just a troll that’s main aim is to disrupt and antagonise - so it’s job done.
Interesting that he doesn’t seem to own any shares in anything though, despite being a self proclaimed expert. Funny that.
How the heck did SKY know yesterday we was going in ADMIN today?
What makes it worse...Company rns's after close yesterday...and somewhat calms down rumours...making it sound like if we still had time....possibly few more days....or as indicated before till end of may......FISHY as anything...could have easily halted trading 1st thing or even suspended shares....
ISSA BROTHERS name/brand also leaked to SKY.....which still has been confirmed....
I can live with losing money as thats part of package here in shares.......but BoD have some serious answers to give....i wasnt here until recently ...many were robbed last year at 20p per share ( placing ) ...ex ceo was giving hope to shareholders when he left only last mth.....
Dog eat Dog...... looks like Morrisions was trying to shaft us shareholders....in return they git shafted themselves...."you get as good as you give" ......
If this was a level playing field......we could have had a bidding war RAY style like few years back....Bod have played us here.....
For me it was a risky punt as indicated many times be4....as it was on DEB ( where i aslo lost out on ).....theses types of shares are not everyones cup of tea....as explained in posts prior.....shares like these often bring VOLATILITY....both ways up and down....too many traders trying to make quick buck or two....sometimes when they are in they post +ve when out they post -ve ( to get back in at lower price ).....
If nothing else let this be a LEARNING lesson....i have been in plenty of high risk shares...sometimes i win othertimes i lose...today i have lost in here...tomorrow is another day...many more EST RAY DEB etc will come and go....i have no doubt same pi's will be at it again....including me.....you see the thing is....if COMPANY does manage to get itself out of trouble...REWARDS are immense...i have had plenty 10 BAGGERS...no feeling can be better than when one has WON BIG....i have also in past been cleaned out had to start from scratch ( awful feeling, would never want anyone to experience it )....lesson i learnt from my bad experience with HIGH RISK shares...dont go all in...throw in ONLY what you could afford to lose....
Going forward i WISH all of u best of LUCK....remember we are all in this together...there are many forces outthere working against us....be it bashers/trolls/traders/mm's Ceo's etc etc....
There always is hope....where there is WILL there is a WAY....
Zuber and Mohsin Issa and private equity group TDR Capital, was set to agree a deal as soon as Monday.
https://www.reuters.com/business/retail-consumer/uk-supermarket-major-morrisons-proposes-mccolls-rescue-deal-sky-news-2022-05-06/
The deal will keep on all McColl's stores and staff with higher pay for many, but will not include its pension scheme, they said.
"For thousands of hardworking people and pensioners, this is a very disappointing, damaging and unnecessary outcome," said a Morrisons spokesperson of McColl's move into administration.