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Larger buys all shown as sells 2.94p+
Not sure if posted before nor if there has been a readout yet:
https://www.theinsurer.com/news/bma-engages-pwc-to-scrutinise-rq-as-tricky-balancing-act-continues/
The more seems to be a pattern of low value buys well above the actual price, allowing the MMs to present the spread as being much wider than it is and showing those buys as sells.
I haven't sold out yet; just waiting for the news. I'm ready, locked in, and loaded.
See you all at 5p very soon!
Wow how many of you have sold already, must be the worst pump and dump in history
30k of buys and no tick???
Seems to be all buys around 3p. Hopefully start gaining traction soon.
Hi Davey, what's your thoughts on this company?
Oh good grief discodog is here too, it's like the top 10 of worst pump and dumpers on the LSE all trying to get out of the same stock for a profit
Technical analysis suggests a gap to fill at 3.5p, followed by a potential move to 4p+ based on the 50-day line.
Let's get to 3.5p for breakout. IMHO
Wow mrcalm is back, jeez I remember your shameless pump and dumping back in covid times, wow all the long termers are here...well were here, probably all sold out for £20 profit, they get nervous when their trades have not moved during the day and quickly sell out especially Earl despite the amazing numbers predicted as normal
Total bargain
Don't be too hard on yourself in losing out in 88e bud.
One 10k buy? Don't make me laugh. It was probably one of you lot that have turned up all of a sudden trying to get people to buy. I'll stand corrected if I'm wrong but this has got pump and dump written all over it.
You have been warned!
Someone in the know? Seemed.like they wanted to get in. Bet we have news tomorrow.
Net assets after sale = 80 cent (60p)15 Mar 2024 18:55
Adjusted for closing of the Sale and subsequent de-leveraging of R&Q assuming Available Net Cash Proceeds of $170 million (at the lower end of the expected range), R&Q's current estimated pro-forma financial position as at 30 June 2023 would be as follows:
Assets
$2.0 billion
Debt
$203 million
Shareholders' Equity
$356 million
Debt to Capital Ratio
36%
Group Solvency Ratio
>200%
Net Asset Value Per Common Share
80 cents
'Net cash proceeds available for utilisation immediately on closing are expected to be between approximately $170 million and $210 million ("Available Net Cash Proceeds")
Nice £10k
A nice round number to end the day
Seen a similar thing in Taylor Wimpy in 2007 when it fell to 4p and sold its USA arm to pay debts in the Uk. The share rocketed to over £2,00 in months and years to follow.
Not saying it’s exactly the same as I don’t know all facts but it sounds similar.
Air on the side of caution here, alot of the links being posted are from last year and some of the names appearing on this board look like the boiler room ramping crew. Doing my own research nothing new has been released and any share that the EarlofAim appears to be ramping on is definitely one to avoid. Not a deramp as I have a small holding here but don't jump in blindly.
Just looking at the interims, I was worried about higher rates but that section says they benefited from higher rates, hummmm
Cash and investments
Our Cash and Investments at 30 June 2023, excluding funds withheld, was $1.5 billion. We produced a book yield, which excludes net realised and unrealised gains on fixed income assets, of 2.8%, an increase of 80 bps compared to H1 2022, due to the higher interest rate environment.
I get that a lot of money will be changing hands. But this section of the RNS "The proceeds will be used for a combination of paying down the Group's Revolving Credit Facility and retaining cash in regulated entities." has me a bit befuddled. People are making big claims about SP rises but I require more explanation if how this will happen if is being used for the purposes explained in the quote.
Pity it doesn't work this way, but net proceeds of $300 million from the sale is about 80p per share uplift. 🙃