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I don't hold any shares now, but the following extract from transport dept re Thomas cook does give a glimmer of hope re possible Govt. assistance:
"The government refused to offer Thomas Cook a £250 million bailout, with British transport secretary Grant Shapps blaming the company’s £1.7 billion debt pile for its decision.
‘I think if we'd seen a business that clearly had hot prospects and all it needed was something very simple and then it would carry on, that would be very different,’ Shapps told ITN.
‘I don't think that there was a route through to pumping in taxpayers' money and then actually avoiding today. I think today would have happened even if we'd done that,’ he added".
It can be taken any way you want, but I think Sxx does have 'hot' prospects if it gets some kind of guarantee from govt. hopefully before Jpm withdraw agreement.
Personally, I thought it was just shorters pulling a fast one to close some shorts at best possible price. Algo trading at its best (or worst). Just a couple of 'o' trade buys managed to get in during it.
Sageman, Nice post.
Looks like we'll all have to vote lib dem then.
Someone posted the link at 09:33.
Steady, yeah you're right (but I'm going with the bbc). Nuff said.
Excuse me, but there's no way for us to tell whether they were buys or sells. You don't get 'o' trades traded after market. They were trades during dealing hours and are in red because they are equal or under the UT trade at 16:35.
Malkis, there's no way of knowing if the trade was a buy or sell, its only in blue because it was a trade above the UT trade.
To the 'bond' literate, whilst I still think the bonds will sell, Sxx has resorted to convertible bonds in the past (which I appreciate involves dilution), would these be amenable for JPM to release the revolving tranches of credit. People talk of this as a binary bet at the moment, but thee are still avenues to progress without shareholder wipeout, as many come on here to state.
Looks like people reacted to report of bonds being pulled as if it was today instead of last month, imho.
Litc, you must realise that because polygon added 0.03% to their short, it took them above 0.5% and therefore added 0.52% onto the short tracker. You're misleading yourself and others.
Myo, the above asked this be forwarded to you from advfn chat:
"myo, we touched base about ten years ago on a technology co - I bailed out, too complex for me!
However I do understand ' mucky fingers ' engineering which leads me to Sirius minerals
Earlier in the year as one of a party of three I visited Sirius.
We spent the morning at Wood smith a tour conducted by GC & SH followed by a rather nice buffet lunch in one of the meeting rooms. We then continued on to Lockwood Beck finishing up at Wilton. We arrived at 9 am and left at 5,45 pm
The thing that impressed me most was the sheer professionalism of everyone I met and this was only exceeded by the enormous level of optimism that pervades.
To give you an indication of the above, each team involved in the various engineering tasks wear different coloured hard hats so that they can be immediately identified, additionally each team leader wears yet another coloured hard hat so he can be picked up instantly, should the need arise.
The size and scale of the operation is immense, I looked down into the access portal and thought heavens that is deep, we descended in the cage to the floor and looked up and I thought good lord this is deep!!
Every aspect of this huge project is thought through and attended to - from the smallest to the largest detail.
As an example as we were being driven around the site we were passing a grass verge abounded by a hedge, beyond which lay a ploughed field.
A guy was coming down equipped with spraying gear - I asked what he was doing - the answer ' weed spraying, we like to have good neighbours
and don't want them saying weeds from your site are spoiling my crops'
At the other end of the scale I was keen to visit the concrete ring production facility and it is impressive when you bear in mind the number of ring sections needed on this project it has to be and it's great that is in house a major cost saving from outsourcing
We walked the length of the Stella Rose to the back of the cutter head ( photo opp ) what an amazing piece of kit that is and has to be seen to be appreciated.
So, to sum up and hopefully support the nervous investors at this critical time, in my hands on opinion this project is simply to well engineered and too important to fail
All of the above IMHO and good fortune to all
PS Can someone copy this to 'the other board ' please or alert Myo that it is here"
Apologies, got hbk and high bridge mixed up.
Hbk were over 2% I thought, do you mean now 1.86%.
Just looking at capital. Have they not just transferred it to another fund (global investors and world investors)?
Feckin 'Ell lads/lasses, you do know it's Saturday, go and have a conversation with someone you don't know, in the flesh. At least that way you can punch their lights out if they disagree with you.