Member Info for Ammu123

Current sp is a gift.

In a note, analysts at Shore Capital reiterated their ‘buy’ rating on the stock, saying that despite the swing to loss the results provided “scope for optimism on multiple fronts” and that they expected the shares to rally as the firm had been “somewhat left behind by a recent rally in the debt purchaser peer group sub-sector”.

I also liked this part in forward looking statement
We are looking forward to 2021 with optimism. Our analysis of the impact of the pandemic on the balance sheets of European financial institutions shows that the increased volume of NPLs sold into the capital markets in the coming years will eclipse the circa EUR800 billion divested over the last six years in response to the bad loans created by the global financial crisis (GFC). When viewed alongside the pre-COVID-19 EUR1.5 trillion NPL and non-core credit market, we are looking at a potential once-in-a-lifetime multi-decade market opportunity.

Is that Amjad has bought loads moreshares than any CEO I know of especially in the oil and gas industry. I am sure he will have shareholders ok mind when restructuring debt.
The next update is the day sp either goes 20p or 9p....
Place your bets!!

22p ?

Bit of a rise at close. Currently priced to fail...
Good opportunity to top up ?

Ri lower than the current sp ?

That’s done now so why can’t he decide on the ri???

He could have raised some at 50’s , 40’s,30’s but no he waited for 20’s
WTF !!!
I am gonna give him a call now and tell him off...

Excellent observation ragnarlothbrok.
There is a lot more support from the government with regards to job support etc compare to 2008 crises so technically it should be better placed. Also the recent 45mtax rebate seems to forgotten about the market......

Definitely a way better run company than pmo.

So no one knows where this is going and shorters will have a field day...

Wow. Debt holders and shorters are the only winner in the deal unfortunately.
Unless oil rises to 60 there is not much value currently in equity but wtfdik.
Sp might gap up lol

Plan to raise 500m.
No placing price set.
Doubt shorts will close after this update.

What’s the placing price ??
Without the price no one knows where this is going...

25p?

Wow worst possible result for holders.
Probably explains why pmo is one of the biggest shortest company on Ftse.
Anyone know the Placing price ?

Just having a quick look at the update doesn’t look good.
Guidance down.
Loss
Further Equity

You looking to buy dodgy16 ?

Interesting day today....