RE: And :-----7 Dec 2015 20:39
Yep it was MetalGuru who started the title "panic selling" and am sure that will be part of it, when a SP drops 15% in one day that must be a worry to most private investors. For me its again risk management and have loss quite a bit on ETO this year, if you brought in at 250 you have seen near 30% of your investment gone at this SP for me the risk is too high.
I have always liked this company but there are some worrying trends including question marks over the debt, deep discount to SP on placing, bonds issue to replace existing debt and general downward trend of the chart.
It may well go back up or even a bid (which the ETO would seem to welcome) but the risk has become much higher!
This is from LSE (broker comment) on their main page "We think investors will be disappointed by a refinancing of existing debt facilities that has essentially led to a 9.0% cut in FY17E EPS, long before its existing facility expired in January 2018, and ahead of what management believes to be a very strong film slate in 2016."
GLA to those still in after today