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Off to walk my dog now and expecting this to be back in the 170's on my return........
Avacta's time will come and it's getting closer!

GLAH

I'm comfortable adding at these levels - bit of a pullback but it shows you how fast this can move with a bit of positive news flow (or even a rumour). Come back in a week I will.....

GLAH

No smoke without fire non?

Agree completely - except the 500%! Typo?

Hi all,

Please can someone check my understanding here? The proposed 10 for 3 rights issue at closing price on 30/09 of £1.30 with new shares of 32p. If I owned 3 old shares (3 x 1:30) or £3.90 of stock, I could subscribe for 10 new shares at 32p (10 x 32p = £3.20), giving me an average sp of £7.10/13 = 55p approx.

Obviously the SP has risen recently due to positive sentiment but with 6 billion new shares potentially being added, where do people see the SP falling to in 2/3 weeks time, when/if the new shares are voted through and admitted to trading?

Under a pound or will there be minimal sellers and a drop followed by a swift rebound?

Have I got my understanding right? On the outside watching closely.....

Thanks to anyone that replies,

Matt

Fair comment - there has been no failure here. Merely impatience at getting the big news. One thing is for certain - the day I sell, the news lands the next day!

GLA

AW - apologies if I’m relaxed about my holding but news IS on its way isn’t it?!
Thought you were a confident holder?

Matt

Absolutely spot on - no need for nerves here. Switch off and come back Thursday/Friday where this will be back near it’s peak. Another week nearer to game changing news......

What day do we expect the price to drop to mirror the divi monies being handed out? I’m thinking of getting back in this money making beast

Cheers

Now 3%.
That’s a bounce :-)

Incoming?

I would be looking for a bounce back as PMO becomes attractive to day traders and this then experiences a similar effect. PMO problems aren’t Tullows problems

GL

I’m tempted tbh. I’m the world’s worst trader tho! Does look like its pausing for breath tho...

GLAH

Occurring here now :-)

Does anyone think there has been a leak here or is it just a long overdue rise on steady news? Or seller cleared?

Thoughts?

Ps I think it will open up in the morning so won’t consider selling mine

I’m in agreement that I think this will turn blue later......FOMO?
Too much potential here - time to switch off and wait

GLAH

Couldn’t agree more. There is value in the brand and they can service their debts if they extend the mortgage as it were. AA has done this for years but now it’s actually looking a safer bet than an awful lot of other stocks out there.

30p close anyone?

Fascinated that this isn't in the 30's. Does anyone know of a quoted figure per share any would be purchaser has mooted? Presumably all cards are tight to the chest as if 40p a share had been mentioned thats where this would be sitting?

Any thoughts most welcome

I too think the RNS we are all waiting for will land next week. I just differ in that I think the SP will be far higher. I think investors are pulling out of many shares and investing back in to the covid stocks - a lot chased the massive rises and then there has been a pullback. (Like in Avacta for example). It now seems like a lot of the volatility has gone from this stock and it now appears to have a much firmer base. I also think that it will rise further in anticipation before....

Not saying what SP this will hit but I’m holding tightly.

GLAH

Matt

I’m sorry but this response was absolute gold.

Steady heads now chaps.....