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Laura, many companies have placings and good to buy below the placing price and move on quickly. We see so many being done, some go into administration, so be careful. Been stung twice only, yet bought into so many.
I’d guess those that sold on the open bought back in which is why the price has moved up steadily.
Good luck all.
Bid moving up on sells
Actual bid is 2.15 so think it is about to make a move up.
IMO it is a good buy in price, possible break out, bought this morning - gla
Mcap is too low. This should be qay higher and qill be very soon i n my opinion. Afternoon session will se a pick up. Srop way overdone. No-one is selling
$170m-210m Became $65m-110m, I think more debt will be paid up and more collateral put down, they don’t spend $100m on extra administrative costs.
Sandyman
Any reason you go on 40-50 shares claiming placing s?
Let’s see if it can break 3p as that has been the major resistance
I’m not sure the MMs guys and girls have voted or over reacted.
As I said before I recall Taylor Wimpy falling to 4p in 2007 and bouncing back to £2.00. Not saying this will the same but definitely an opportunity in my opinion for people who understand risk reward
Well seen this before. All the shorts and mm's sell before the news hit's that the money is in the bank. Either tomorrow being last Friday of the month or Monday i am holding and yes bought more today
The MMs and market has voted and it doesn't look like they see a good outcome here.
If you must gamble here. It might be wise not to bet more than you are happy to LOSE !
MMs are off loading large quantities of stock.
You’ve got to ask yourself why?
Careful
News on Monday: Still significant upside even at the lower end of the scale of net cash on sale.
Those with deep pockets will load up I suspect. The RNS outlined huge income, significantly outstripping the current market cap. The company will be in a significantly better position in short order.
What’s the thoughts.
A buy or sell!
Disappointing update I felt. My take on it was that the Board miss priced risk in the past and made a distinct mess forcing Accredited sale (we knew this). But yesterday's RNS told us that the Board have had to sacrifice a further $100M in value over and above what was expected, to sort it out. I view as the lenders are now the people with significant control, not the Board. I suspect there will be further downside, not upside.
Two MMs buying at 0.345p
Be careful
Simple the traders who cannot hold will take a loss and they have around 1.9-2p and the mm's sell that on to bottom fishers at 2.1-2.4p
Online is miles better 1.95-2.09p so given the strong 2 way demand the spread and liquidity is healthy.
So on the one hand the deal is somewhat derisked with lenders’ approval, but on the other hand they will end up with less than originally envisaged. It was good news to my mind, but if the market had been expecting next RNS to be confirming sale, then some will be disappointed
Placing at 1p?
Even their carried losses are worth more than mcap to anyone that can utilise them.
The market has a dim view of it.
L2/3 sell side 3 times size of buy side and down 30-50%
MMs wider spread allows them to capture a larger profit on each trade.
Yep, can buy via ii. Paid 2.1p bring my av down a bit. Spread looks barking mad.