The latest Investing Matters Podcast episode with London Stock Exchange Group's Chris Mayo has just been released. Listen here.
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RNS - WTF!
In for one hell of a beating today.
GLA
Doesn't say anything we don't already know.
No spac listed in London trades at cash nav and so I really can't fathom why they would state that. It's bizarre.
Yes it does, Terrier. Read what it says about the value of any potential deal. We didn’t know that. Our own board appear to be crashing the SP. Why would they do that...?
Think your pal John will buy more now PS?
Why would 5 major investors continue to add all the way to 2.4p ?
This is a do-nothing rns. It's all a bit odd and so an overreaction could be costly. Let's just see how this plays out over the week.
Not trying to crash the share price perse.
The issue is most RTOs the target is bigger than the shell, here we have a shell with an mcap at £7 million and net assets at circa £2m.
This means theres no option to bring in a smaller organisation as it would just be an acquisition not a RTO.
Are they trying to get other investors on board at a lower SP ?
ie companies they've had discussions with ?
Weird
The point of the RNS was to inform people of the completion of disposal. The rest of it is an update on position - no change.
The price will dump...then recover when the bed wetters have sold
anyone think there is the chance of a bounce. I might of averaged down but would need to find funds to do so!!
Really not sure what’s going on here..........but I have averaged down.
Fingers crossed all.
:-/
Someone's been given the opportunity to fill their boots...
There are none so blind as those who will not see