RE: Share price suggesting bad news coming3 Apr 2024 14:28
One downgrade will not make this difference. Sorry, but do not believe that at all. I think the class action is a bad loss and those in the know are getting out.
Apparently a deadline has been set for bids to fund the ships. Some time in April has been mooted, which fits in with May’s loan repayment. Should cause a stir methinks
Scam, manipulation, call it whatever you like. If a real bid was in the offing, we would be the last to know. As per your advice I dropped some more earlier this morning at 70. Happy to sit tight now.
Now that the “takeover” bid has been shown to be a scam to let the big players escape at 71p, we will drift back to 65. I sold some at a decent price, but should have done much more.
Do you remember when BT hired a firm to shore up its defences against a hostile bid. What a load of rubbish. More money wasted and given to the cosy club in the city.
Sadly, no takeover in the offing. the rumours are designed for the rich to bail out at a better price and for hedge funds to create new short positions. Real takeovers come without warning.
Sadly in my experience it’s usually 4, with a few in the know starting a rumour so they can sell at a higher price. As someone said, it is very rare for real news to break at 4.00pm on Friday