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Lot more confidence in the economy, people putting their investments back into smaller companies. Tullow/Aml so on... good that this one is being dragged up
Agreed, just a bit of a dog atm. The whole Covid stocks seem to be struggling. COPD results will boost this back up. Potential of 2nd spike? Maybe more likely with the BLM protests/other mass gatherings. Although I am not wishing for that to happen
Suddenly interesting again. Hopefully not a fire sale though. May actually be taking shareholders interest into accounts. I'd like to think relisting must be soon
It does depend on who is at fault. I must admit that ultimately this boils down to directors at ESL. If inaccurate reporting by KPMG/PwC, I'd imagine there will be some form of compensation to ESL.
Alternatively, the FRC may look into it and no further action may be taken.
Time frame I'd have to agree with Truth
Agree Ethio.
Good news for us, not so much for those getting laid off.
Plenty of employees left ~6500. Those made redundant probably came from the drastic rise in demand earlier on in the year.
Should be a nice rally tomorrow & friday ahead of the AGM on Saturday.
https://mobile.twitter.com/MarkKleinmanSky/status/1265367656141553664
7p broken
First and foremost I am a holder of ESL. Before any personal attacks.
I do find it interesting that ESL are looking to raise capital than potentially using internal funds. With the extension to Dec 2020, ESL should have high levels of demand due to Xmas etc. Cash should be floating around the business.
Just a weird choice imo of raising the £6m, they will need to iron out a few things prior to this anyways.
Another point potentially missed is that ESL has until the end of Aug 2020 to file the accounts for the November 2019 year end. However they are looking to extend this. With a bit of luck, I'd like this not to be extended so we can see the full year results and get an idea of what has gone on prior to any capital raise.
Agreed, don't think people had time to fully understand the content. Think this will return back to the 7-8p levels. Back on Monday, have a good weekend all.
Thought the same, a 6 million equity raise shouldn't warrant a 30% drop. Markets over-reacting...
What's the punt size this time :)
Tesco on the news talking about demand may nudge it up.
Demand for home deliveries up from 600k per week to 1m.