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I use IG primarily for CFDs.
Hi Adzy, can I ask which platform you use for going Long or Short.
I take you are doing options and not CFD?
Thanks
Erm it had a 169 million impairment charge... from previous indications of $50 million.
ESL, resumed trading yesterday
The deal left Dbay with a 49 per cent interest in the logistics company. In August, Eddie Stobart fired its chief executive and suspended its shares after it discovered an accounting error that would hit its profit by £2m. The shares were suspended at 71p, but plunged to just 6p today after trading resumed
Again, wishful thinking but hope you are right. I can’t find another share that has come out of a share suspension when financial accounting irregularities was the reason. The more likely outcome in my view is exactly what happened with Sino Forrest with a filing of bankruptcy after 6-9 months.
Meanwhile the reaction in the bond market suggests the equity is near worthless.
Thats my hope they knew 500-650 today. So my thought is they dont see the news as millions knocked of market cap. So with profits (hopefully) they can show we are worth way over 700+
A different view point
Assuming that the report is bad why were the shares suspended today the result is the same either carnage today or carnage in a months time
Perhaps they have had an indication that it's not to bad and thus protected us from the carnage today
Absolutely. Note the suspension request was made by NMC itself to protect the value. And I hope it wouldn't be lifted till the mess is cleared and there is some positive outlook.
Need to closely observe the intentions of ii who hold well over 40%.
No point stressing about it now. The company has done us a favour by suspending it. The SP will open again. It’s a FTSE100 stock and FTSE 100 has a reputation to live for.
What price it will open at- no one knows and no point speculating. It will be from a Clear Slate and we know evey discrepancy and irregularities will be addressed by then. its A profitable business, just keep that in mind.
Institutions have bought in Millions with all the contingency in mind.
I won’t lose my sleep over it and will come back when it opens again. My only frustration is that my funds are blocked now and that restricts me using those funds elsewhere. But hey ho, we live with that.
Just be easy guys and don’t forget it’s just money and we all have a lovely family to love.
God Bless All or shall I say God Bless America (Trump Version)