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You should've bought early in the morning Neil. You would've made a nice 100% profit!
Ouch imagine getting caught here at 0.95p
Its now less than 0.60p to sell
Delisting and spread 80% and this could go to a 140% spread like Wednesday
what is it worth with a banking licence. Major shareholder has 73% and 2 shareholders hold 85%.
final dead cat bounce before wound up
I will say take your gains or lose it all, your choice.
I did, every single share that announces the kind of news they did and then drops, always rises.
I just could not be bothered with it.
Enjoy.
.
did not expect that.
+142% Spread has narrowed.
Did not expect that. It was illiquid at 5p so unless there are sellers it will be very illquid at 0.50p. will someone make an offer.
80% spread and will delist soon.
Hmmm tempting haha
thats tight.
So what are all these buys today. Are they just shorts closing?
So it's bye-bye up to £5m of Goodwill/Intangibles due to market exodus,
up to £30m for emergency replace on drain of customer liabilities (bank-run)
from £5m to £7m winding-down costs,
probably another 8-12+ £m for some impairments/delinquencies/defaults or bulk portfolio sale
(although they've announced via RNS that will rather be natural contraction)
and some operational/office costs (PnL)
In the end it looks like there's practically nothing left to distribute for shareholders (out of 41.4 £m equity reported as of March-2022)
current m-cap 1.1 £m
Sorry it's Somers, not Castle.
Anyone who thinks this company is looking forward is misguided sadly. I've lost most of my faith, the current board are just rats trying to escape the sinking ship, and their lifeboat is the possible buyout from Castle or whoever it was. Sorry to be so negative but I really did think this company was going places.
Not unexpected. This was in 30s now at 8.
A huge amount has been written off. 60pct of equity value.
Have to see. If they can make it back to being profitable could be a trade.
Disappointing but sadly not unexpected news!! Good to see there has been a healthy appetite for those shares which have been sold. The interesting question is who has been buying them?
I have consigned this to the deepest bottom drawer
Not for a good while, laurel and hardy RNS
Strange! Do we know when y/e 21 results are due?
Looking at the chart, could 9 or even 8 be a possibility? Yes bought a second hand car for the wife last Feb and already gone up £2K!!
Could easily hit 10. Happy for a down drift even if i take paper losses.
At some point discount to shareholder equity will be too large.
The majority of lending is on vehicles. 2nd hand values increased during the pandemic, so if they had issues i suppose they had a great opportunity to deal with their problems. Not often you see the value of a depdeciating asset ( 2nd hand car) go up :)
No offence taken, I am for now taking your stance given the steady volume of sales. As always the time of top up/entry will be crucial but especially here!!