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It is worth noting that the BOD have stated on more than one occasion that they expected to come out on the right side of the arbitration findings.
On a purely monetary basis they and their legal advisers have failed miserably.
Depending on the exact amount we may very well see this bunch looking for more cash in 2022.
In 15 years of investing this undoubtedly is my biggest error.
I suspect a good outcome to the arbitration of the termination agreement will help to move the SP in the right direction.
A "good outcome" means no further cash provisions of any substance in the 2022 figures. Not long now to hear something in this regard.
Whilst the trading update disappoints again and their debt figure is not seeing a decrease in the immediate future, the realisation that they need to unlock shareholder value by way of starting with a review is as PC says a little late in the day. I suspect that light trading figures prompted this review as a way to to detract from their continued under performance.
No option but to hold in the hope that they get it right going forward.
Mine is now 320p having averaged down considerably some time back.
Look at the RNS and read their interim results just published.
Yes, yet to find the bottom. Keep your head down and hold unless you have a pressing need to sell.
Work in progress!!!
Bird needs to be given another 6-9 months.
I of course do not like the SP drop but it could have been worse.
They need to get the outflow of funds down to a trickle . I think at this juncture no decrease in the dividend is acceptable.
So we are all looking to future performance but I do not think the results were that bad, probably just ok.
So many times there is a good run up of the SP immediately before news. I have no idea where this is going but feel a certain unease. We have half a chance as long as they keep the dividend at current levels.
Thanks for the link. Lets hope there are no nasty surprises next week.
I think I should correct my post in respect of CHAR. It looks like he still believes his postings are accurate. Deluded !!!!!
You have the good grace to admit you were wrong. Try and be a little more upbeat. GLA shell holders.
Sound thinking Bimmer