Had to get some more when it broke 40. Am i correct in saying the results are on the 7th? Or have i just made that up lol.
Did yesterday
Seen, just before half year reports... Very nice
Even if revenue does fall in line with expected (~18% drop i believe), the ~75% drop in share price is still to much. Reduced debt, seems expenses are under control, furloughed staff etc... Don't think they have used their bank facilities as of yet so that's a good sign. Hoping for some dividend news as well in the update, even if they don't restart it (may be prudent anyway).
Can only wait i guess for now.
Really being pushed down. If it breaks 40 may have to pick up some more. Still hoping for goodish news September (as good as it could be at the moment).
Yes, looking at the price drop back in 2009 for this it did recover, so just holding on for now. Have averaged down, but think i will just leave it for now. Waiting for the reports in September, see what shape their in.
'concerns regarding the valuation' - may not mean distressed? Will just have to wait for the new NAV to come out then. Hit a lower low end of March. But, wow, scary drop.
wow
Anyone left on this chat?
Sorry to hear. I'm hoping to see at least 30 again at some point following their NAV report. If so, will also review getting out, however, not looking promising at this point in time.
Jumped a bit at close, with the bid finishing at 23.50, so good move... (lets see).
Not one for technical analysis (fundamental man), however, it is following quite a nice linear range back up (wish i could send photos on here). Brought in initially around 36p but sold to early. However got in again around 42 after last week’s drop.
6 April - low ~ 30
30 April - high ~ 57
19 may - low of ~ 36
8 june - High ~ 65
23 July - low ~ 41
Next high ?
However, technical analysis is the same as flipping a coin, so who knows.
Interesting..
Indeed. I don't think their Q2 report was to beleaguer compared to the rest of the macro-environment. Even if their y/y revenue drops, i'm sure their BV will be far about the current market price. Dividends may not return till 2021 - so be it, prudent to save cash, fine with me. Since the March lows its definitely trending back up - new highs, higher lows, just very volatility (all the more fun).
2 big buys around 12:45.
23-Jul-20 12:46:16 42.60 200,000 Buy* 42.05 43.15 85.20k O
23-Jul-20 12:46:03 42.60 250,000 Buy* 42.05 43.15 106.50k O
indeed
OK thanks, guess we will just have to see...
Apologies for my ignorance, however, how does the wind-down work? Are they redeem at NAV? Or fair-value? Is the discontinuation the preferred option for the ordinary?
For such a beleaguer report, it has moved ~+18% since the lows this morning. Strange??
Disappointed, but brought in at 23.6 to help average cost down as i think slightly oversold. Interested to see the NAV, but would now be keen to get out and move on.