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Thanks Professor. I was also of the belief the FED had artificially created this DOW rally and this spread to the rest of the world.
This is likely to create a ''double bottom'' which we saw in 2008/9 it is a certainty we will see stocks return to the March levels at some point. In March all stocks crashed at the same time and most stocks recovered at the same time, in other words you could not get into a stock and see it double within days and move into another and see that double and move on to double again. This time they will all crash at the same time, but not recover at the same time.
What beggars belief is the fact some stocks in companies that have been closed like Cineworld are 5 times higher, others like First Group have more than doubled, some like Restaurant Group have tripled, despite being take away only and face huge issues when they open like not being able to accommodate full bookings etc for maybe years.
I personally feel that the next recovery in stocks will perhaps only take them to where they fell to in March.

Professor is this bad macroeconomic news something that effects SIG or the whole market? can you please elaborate on this? is this connected to the DOW not reflecting the current situation?

In the first instance I must pay tribute to the excellent post byitsaponzi it clearly spells out the fact both the DOW and FTSE are overvalued.
I saw these sub 20p and felt 10p was coming and then came the RI and consolidation, if I had picked these up at 15p I would have regretted it. However, it now looks like they maybe available below 69p soon.

So I don't think the market will wait until July to act on information they either have or assume in June. I could be wrong but with shorts out the way at some point it will fly, but how far depends on if there is going to be a second wave of covid.

It is clear you are frustrated at not getting in sub 20p. Even with the DOW crashing which i think it will do, at worst this will go back to 20p before shooting back up.
If we see only a large drop in the DOW then this will remain firmly above 20p. I would add if there are other stocks out there which you " missed the boat on in March" you will get the chance again don't worry, but not with SIG. why don't you wait for Lloyds, Capita, Dixons Carphone, M&S, Barclays, Stagecoach ? Better still why don't you go on their BB?

They suggested don't buy William Hill at 28p, it became a "5 bagger"

Do we have a timescale for the RI?

Cannot really see what is in it for them? Do they not want to buy the whole lot at some point? Will they continue to build up themselves?

The point I was making was the momentum will be in the downward direction.

If this drops back to a quid, the momentum will then only be in one direction.

However CDR maybe seen as a "poison pill" making it harder for others to launch a full bid.

we cannot suggest things for the SP will improve over the next few s months because the markets could go either way, it depends on the DOW. If the SP rockets tomorrow, that may be the best it gets fir a while. I cannot see a Rights Issue, but maybe wrong.

The cause of this is the "artificial DOW rally" this is liquidity driven. The US markets are being prevented from crashing by this liquidity which is expensive and unstainable. When it stops we will see a crash and see where that takes this stock.

If you read my posts you will see I do talk up some shares, whether they go on to rise is another matter, you win some you lose some. I am not a deramper and most certainly not a loser.
The last time we had a crisis in 2008, I picked up Legal & General for under 25p, things were a lot better then than they are now. I fully expect to pick up Melrose and double up within a few weeks.
I am so concerned with the way the DOW is surging, it can only end in tears, it would see Melrose at 50p.

But from what low will it double? 70p to £1.40?
50p to a quid?
40p to 80p?
25p to 50p?

All good posts. Yes it can and will hit 60p as early as next summer. However, the point I keep making us it will fall below 20p first. The last time it hit 20p and rose to 60p thereafter, it was in a better position than it is today.

27p or 28p more like 17p or 18p

If anyone thinks the SP is going to hit 60p anyime soon, I would suggest they go and see a psychiatrist.

this is not a rally based on anything sustainable, we must appreciate a long deep recession is awaiting us, coupled with a Brexit slowdown. This has risen with the DOW which is being artificially inflated by Fed support etc, when that goes the DOW will buckle and Melrose will follow it down. I reiterate 50p.

the DOW Jones is playing tricks, it is showing "classic signs" of a crash or massive correction to reflect the challenges facing the US economy. We are going to see a huge long recession in the UK, this will start to fall away this week.