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Buy the bonds not the ordinaries, have portfolio worth 700mil, they will sell something to repay the 50 mil bonds due in August and in worse case the bonds will be repaid at some point-@ 86.5 it’s a gimme and great return on a 6 month investment
Yes , I’ve just gone long as the price seems happy at 4 quid, should be a dead cat bounce here if nothing else…
No I know but it certainly puts their financial situation into focus re potentially huge fines etc , I’m an x trader in the city and believe me with the fall in the share price etc the market clearly expects the dividend to be passed, and tbh it should do in anticipation of an unexpected ‘financial situation’
Thanks….good plan
Yeah stated response by 25/9
That’s why they need to RNS their thoughts and views on this situation
Management really need to RNS a response think the board are totally asleep here ,sticking their heads in the sand and hoping it blows over- IT WONT
Plus ML like a dog with a bone so he will just add his tuppence worth at any opportunity …
Storm in a tea cup, the contracts the end user signed are clear and its just sensational headlines.
I agree to that but the FCA are so useless and slow in their investigations that the uncertainty will just drag on…
And so much uncertainty…..it’s a proper mess here
I’m expecting the dividend to be pulled in its entirety don’t think any other option in reflection to the decimated share price
Me too…COYI
You right a v frustrating share just like the hammers but I feel we approaching the a nice exit price here-about time as well!
Yes going straight through that it’s not an all stations…
40p on the way…
Real issues here I’m expecting the div to be passed tbh just can’t see a floor for this…with ML continually updating etc this will snowball v quickly plus the FCA investigation could run until 26/9 so be like kicking an open door for some time…
My post above from the 7th
Market hates uncertainty’s and there’s plenty here…dividend will be cancelled it has to be and the review is so long dated it’s open season until some/any updates are announced…surprised no announcement tbh just to give any updates as to management’s thinking
I to bought JD recently it’s v oversold looks like a short attack there-just be patient the recent 40% fall way too much this will bounce hard soon
A lot lower imo, the dividend will deffo be pulled , the FCA are v slow at most things and with the deadline 26/9 it’s a recipe for open season for the shorts…probably more shorts here than a wham concert….
Agreed
Real issues here I’m expecting the div to be passed tbh just can’t see a floor for this…with ML continually updating etc this will snowball v quickly plus the FCA investigation could run until 26/9 so be like kicking an open door for some time…
No one would have brought…someone may have bought…
Yes announcements on the way expecting big moves soon…watch this space