Member Info for Barrieprov

Neversellshell22

Do we think RDSB will pop on this news or Will shortage of inventory send shares lower? Guess we’ll know in the morning

Neversellshell22

… to share buybacks at this level that would reduce long term dividend bill and support SP as this one off commercial decision could have long term positive benefits

Be interested in other viewpoints

Neversellshell22

I think Boyobach point about perception of sustainability of dividend underpinning SP is key

I do think however there would be a benefit

Neversellshell22

Great - divestment of carbon intensive activities and either debt reduction or redeployment in greener endeavours ticks strategy box

At 4.5p

Someone’s backing a recovery with £45K purchase

Scotlee

You could be right about FCA who seem intent on disenfranchising sub prime borrowers by over supervision of the market while failing to stop the likes of LCF and Woodford losing millions for middle class investors

Mariog

My hubris maybe short lived as I notice share price slipping a bit in last few minutes

No point in selling as fundamentally this either sinks or swims now and a few hundred quid either way isn’t going to matter in my case but realise that’s not the case for many on here

Hi Smorrisjones

I’m not that sure fait with the history of the management of the business but I’m less afraid of dilution as I think the market cap will substantially recover post money so the shares you hold albeit a smaller share of the cake may end up being worth a similar amount

Time will tell of course but I hope my unnatural lack of pessimism on this subject may not be misplaced

GLA

Hi IanB

Yes I think the big question is issue price but even at current nominal value of 5p (ie no share split) to raise £80m before expenses would require 1.6b new shares v 312m currently in issue so the proportion held by existing holders who didn’t top up would as you say be decimated though the price mightn’t move significantly as the market cap is currently distressed at £13.7m

Is there an accountant in the room?
A quick look at net assets deducting current liabilities and long term debt does I think show negative net worth of £10,801,000 but of course not a problem as long as business supported by long term facilities and has cash in bank to operate and a capital raise of eg £80m would in effect contra the non cash write down in goodwill plus bolster cash for operations. I’m happy to hold and accept risk of being diluted but of course a lot depends on finally agreed level of redress so it’s risky and as usual DYOR and GLA
I’m fortunate in tgat this isn’t a big investment for me but tgat doesn’t mean I wouldn’t like to see the shares double or treble in 12m and I know a lot on this BB have substantial holdings which in many cases are well under water so I hope you get back in the black soon and are rewarded for your patience!

The long awaited announcement coming soon now

GLA I’ve fingers crossed for all those who backed this share in some cases very substantially

While I’ve a modest position I hope the wait is rewarded and in the end I can take the hit but there are a lot of low credit score borrowers out there too who need a lender so for them too fingers crossed

I believe a spike to $100 is possible but I think a sustained period in range $75-85 is likely as supply will be adjusted to allow for profitable recovery in producers

Someone picked up a big sale order on L2 so maybe this just got cleared out? Nice move today back toward nominal value

Sorry bloody spell check ISA money

Also my low estimate is based on lack of meaningful news and my hope is the shares could go 10-12 just as easy

I’m in at a level where I’ve nothing to lose by holding
I’d never risk more than option money on so speculative a share as if it goes bust id not get hurt but a 10 bag would be a significant sum in the context of my portfolio losses and investment objectives generally

Genuinely wish GLA as I know there are many on here who’ve risked very large amounts of USA money or pension savings and if things go well some may become technically very well off if not relatively rich

Fingers crossed for 30th June as not long to wait now but what will kill this share is a lack of definitive statement around share issue and FCA at which point I’ll probably fold as by then shares could be 1-2p

Boyobach I’ve filtered getafgrip as I’m really not interested in anything other than a focused and informed technical discussion and not people who accuse you of using “plagiarised charts” when you are in fact using them to support reasoned arguments

Stevebt

You’re probably wise but I’ve a feeling there might be a short term pop if July 29th trading update comes in anywhere near as good as I’m hoping so I just took a few at 1362 and kept my average just above 1300 - I’d like to think we might see a share price of £16-£18 by end of 2021 which is edging into 5 figure return territory but I hope longer term holders get rewarded with a price in the £20 range once dividend and buy backs are in full swing

Darn it

I was just ready to sit back but a 60p fall?? Oh well ….. just can’t help myself but obviously GLA DYOR

This maybe a route to offering new shares below 5p the current nominal value without changing rights of existing holders. It will be interesting to see what happens after results on 30 June and a brave pi to continue to pick up shares ahead of it. Expect the price to drift down and already they’re in the 3s this morning but on no real volume

https://www.reuters.com/world/middle-east/oil-slips-again-surging-us-dollar-holds-above-70-2021-06-18/

RDSB seems to have taken hard to the move