Member Info for 2reincarnated

Just a matter of time, sooner or later the DOW will crash/ correct.

Yes it was for "today" However the new bottom will be 25p

What happens if they have in mind a figure close to a quid, but the DOW crashes or suffers a serious correction before that? We could see this at a quid before September, it fell to £1.50 at the last crash, but now we are going to see dilution as well so who knows.

History revisited soon, just wait until after Christmas.

Sorry my post should have read there is now the guarantee of survival. I must add, it will take a long time to go over 50p because we are asking this company to do in a recession what they failed to do in a a stronger environment.

The point I was making was, whilst the placing shares were offered at 30p to us guys, they were offered to the institutional investor at 25p. However, with the SP falling, they could soon be avaiable at 25p or theoretically even 20p. Indecided not to take my allocation because if they surged from 30p ro 50p, good for me because I would have sold and invested in something which has fallen sharply. If it fell further I would pick up the same amount as my allocation at 25p which will now be seen because it has fallen without a major DOW correction. What is certain, is the element of guarantee we will see at least 40p from the new low. It will not fall to 15p again because whilst there more shares in circulation, there is no the guarantee of survival.

Some would argue they will take up their placing at 20p. iI personally think 25p will be the floor and in the likely event of a DOS crash/correction, this will hold up well.

Agree, but if I sold them, sods lsw suggests they would have risen to 50p. Now I may buy at 25p soon and sell the lot at 40p to break even.

Just because they bid previously, the fact with them increasing their stake does not mean they want to buy the company outright. The drop in the SP since the increase to 29% says it all, if anything we are looking at a Righs Issue to clear the obsene debt, 50p is what wecare looking at.

When are you going to say hello to us all?

The idea of a return to 19p is no longer seen as an insane suggestion.

via sub 25p

Long time coming in stating the truth about Pippa-peaches. Pippa- Peaches talks a load of the brown sticky, stinky stuff.

When you take into account we have had a sustained period of stockmarket growth and are due a massive correction, if not a crash. In the USA money is being printed, this is not wealth, but this is then invested in shares. When this " wealth" fails to create" wealth" the markets crash.
They are not crashing at the moment because the FED is buying junk status corporate Bonds, in other words the bonds of " theoretically bankrupt" companies.

For the reasons outlined in the post below. Moreover, there are more shares in circulation and the RI has theoretically, been carried out for matters relating to solvency by way of debt reduction.
Mitie is " guilty until proven innocent"

A lot quicker than you think

Where this SP goes depends on the markets and not who is running the company. The other factor which I keep on mentioning, is the extent to which the DOW will correct.

I agree with all the points you make. However, what matters more than anything is the DOW Jones and the fact is is so overvalued. Since March we have seen some stocks double or triple whilst being closed. You only need to look at Cineworld, 19p to nearly a quid whilst closed. Now it has opened, it has almost halved. Think stocks will crash at some point, but not wise to buy any stock above it's March low. Lloyds is solid, but will fall. The weak banjs are the likes of Virgin money etc.

Because they are paying twice as much as expected for the Interserve union and from there it is widely expected that there will be very little margin of error left in how the new company operates, the margin the combined company works to is wafer thin. Some of this RI cash is going to pay down debt, never a good thing. Finally, we are coming to a time where stocks are running out of steam.

This could now go either way. The results of the most promising candidate to date will not be with us until October, so unless one of the other candidates gains ground, we won't see much vaccine related SP growth for a while. The Dow Jones is now a deathtrap waiting to crash at any moment.