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More things will crash than what the many can comprehend, but it will happen.
You will own nothing unless you already own it fully, your hands will be forced.
Been there & got several t-shirts (cradle arc, salt lake potash)
Sorry guy's but some you win, some you lose.
Suspension....What a load of Pollocks......Hopefully suspension will not last long and shareholders will be able to salvage something....All the Best OF
An announcement could be expected, he said, as early as Friday afternoon.
The company has 1,400 stores but it is hoped that a
sale out of administration would preserve the vast majority of its estate.
***********************************************************************
McColl's said in a statement: "In order to protect creditors, preserve the future of the business and to protect the interests of employees, the board was regrettably... left with no choice other than to place the company in administration, appointing PriceWaterhouseCoopers as administrators, in the expectation that they intend to implement a sale of the business to a third-party purchaser as soon as possible."
Jackdee - the house always wins
Mr cheerful jeez.
Looks like the plan worked again then.
Seeing reports this is s now into admin
I think next week is going to be very grim for most shares! There have been a helluva lot of 52 week lows lately and I can only see it getting worse. I think MCLS's demise will be forever associated with a sudden plunge in the UK Economy and it wasn't doing very well already! Next thing to expect is a Housing Crash.
AGM still happening? Not sure BoD can face the shareholders as things stand. They have welcomed the shareholders to come to Essex for the showdown though….
I was reading the chairmans history earlier….. his connections to Punch Taverns says it all!
Another £3 to zero story…
Complete cocck!
Agree Casper the news on Morrison’s and the share price performance didn’t indicate a suspension or admin. So whilst the nasty crew bleat on about I told you so. It wasn’t risk free but looked like it should and could improve. BOD pulled the rug.
Not helping the fact that this has happened on a day when everything in the portfolio is looking a bit sorry for itself.
we take our chances sometimes we WIN othertimes we lose....it looks like we have been taken to the cleaners by this Bod...why did they not suspend 1st thing today?
why take it to administration when there was atleast two suitors/bidders?
why call AGM on 31st May?
Take note of the bod names and make sure you never buy into a company where any of this bunch of inept numpties have any connections…..
Lancaster flogged his 11 million for £2.95 and the remaining bunch just frittered the cash away.
From my own perspective I didn’t lose £ on this as I had a small free carry, but hopefully others bounce back quickly from losses.
Good luck people…. It’s tough out there, and with the Uk’s leading!! convenience retailer (their words not mine) now shafted it looks like others will follow.
Tick tock…. Beer o’clock
He’s a lunatic
If I lose my cash and they keeps all there jobs then I can live with it anyway.
Peace.
Rare must be a BOT !
I see I know for
Next time when that’s
On the cards not to buy haha
They are deemed worthless but won't disappear from your trading account until the admin firm confirms shareholders aren't included. This will 100% happen they never include shareholders. Any money recouped will go to the banks.
Thanks all part of the gamble
Yep you have lost the lot.
It's gone mate, there's a tiny chance you might get something back but that's less than 1%
I am just wondering as I am new to this and I am sure one of yous will be able to answer I did try and research it but I am confused what does it mean to my Share now are the worthless I did read the rns but I took the chance at just under 1p not a lot
Couldn’t be arsed to wear a tie, but I bet they’ll still collect their wages. I wouldn’t be surprised if these criminals have some kind of golden handshake in their contracts.