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Massive drops but small rises. Looks like this needs a bit more time for buys to outstrip the existing overhang in supply from Goldman. After that 🚀 . IMO, DYOR
It would be good if directors can have some real skin the the game also by buying significantly the current weakness in share price if they have confidence in the future.
Rational thinking Peterrr. Fair enough, aim of the game is at least not to lose money. But I also share the same idea that it has bottomed, RSI at 20. Big results day tomorrow, hoping tomorrow will be a good day.
This looking more likely going to administration if unable to raise funds. Makes more sense for the acquirer to buy the brand for peanuts then pick and choose to operate only the profitable busy locations. Where as the remaining rental lease liabilities, redundancies and other liabilities can be defaulted in administration. Skating on thin ice this one. IMO, DYOR.
Slowly but surely. Redwood absorbing the sells from Goldman. We are seeing this rebound breaking past 50p reflected in the share price. Overhang could well be over soon. Tomorrow's update will be key driver of whether this recovery continues. Onwards and upwards. GLA
Expect this to rebound after Goldman unloads the remaining 2.2%. Hoping for good news on Wednesday. DYOR, GLA.
The Group is not a subject of the FCA's review of historical motor finance commission arrangements and sales.
It was quite clear from RNS that FCA was not investigating VANQUIS cos they were not paying commissions unlike the other banks. Quite wild that a comment from Martin Lewis can dramatically trigger reversal.
A comment from Martin Lewis and market moves...
Why does this company sounds too good to be true? 10m market cap. But sold 10% of a subsidiary for £6m and still retains over 60% equity worth around £40m.
The valuation disconnect is quite crazy... once and if they sell another 10-20%, and receive cash in the bank. I think this SP will consolidate. High risk, high reward.
Board not being honest and transparent from the get go. Even worse to hear the story from 3rd party supplier than direct.
"non-payment of invoices totalling approximately USD $27 million for work completed"
https://www.businesswire.com/news/home/20240320318420/en/Corica-Mining-Services-Corica---Suspension-of-Mining-Services-for-Hummingbird-Resources-PLC-at-Kouroussa-Gold-Mine
Complete U-turn. Looking good for tomorrow.
MMs taken this back down to 21p to buy and 20s to sell to generate interest.
22p to buy, 21p to sell. On the way up Bobat123. Onwards and Upwards.
SPR has communicated that the outstanding balance will be paid no later than 14 March 2024.
Last minute job again.. no RNS about this. Seems to be a habit of missing payments and not delivering on promises.
Orange Trust Date on which the threshold was crossed or reached vi: 28/12/2023
Late reporting again..
Need to buyers now and this will move pretty quickly...
I anticipate a similar fate and case study of an admin buyout. Case study of Joules, when Next bought Joules out of administration for 34 million. Somehow, the co-founder Tom Joules retained 26% while Next owns 74%. Creditors got a bit left over. And the other shareholders got nowt.
Makes a lot of sense for JD to negotiate and do a similar admin buyout. Why pay debts, creditors, redundancies, lease liabilities etc. when can restart the company without the baggage. A big warning sign for all holders. Don't get too emotional. I do hope a nice buyout is somehow worked out but I am doubtful. But there is just too much debt and operational costs. JD will be well advised by his expensive consultants, lawyers, accountants on the best ways forward.
https://www.retailgazette.co.uk/blog/2022/12/next-buys-joules/%20Next%20will%20own%2074%%20of%20the%20retailer,%20with%20the%20remaining%2026%%20held%20by%20Joule.
Someone bought 400,000 at 14p... Some are obviously expecting more than the 15p.
Traders that wanted to cash out of a tragic trade earlier on annoucement are out already as they desperately sold down to 17.5p after reaching 30p. Now a steady climb up back to 30s. On these types of volumes, pointless for Polar Capital to try sell as they won't get much volume relatively speaking. Should let it ride until they can find a seller for the outstanding shares that's if they are looking to sell the remaining.