RE: The sp is so low and this is wrong. Due a big move up29 Jun 2021 17:35
I remember posting this about the AA " So the price drifts lower ..why ? the basics of shares, MM were never going to get "excited " by bids of 40p, 60p . £1.00 etc they know the real value and the debt is colossal for a mkt cap of £150m .Who ever does buy the AA ( if indeed they do ) will be looking for two things 1/ to purchase at lowest price possible to make any deal viable ( think about the basic principle ,,car seems cheep at £5000., very economical etc..but needs £50000 spent on it ,simplistic but you get the idea ) 2/ financing the deal . ( again think of the conversation with the bank manager to finance the deal ) MM and the market players are key and MM do not like to be caught the wrong side of the market... (they hate rns in the middle of the day ) so will keep the price to reflect certainty or uncertainly in the price . " back Before offer came in of....35p And you wonder why share price of cineworld is 82p ,why ? debt is colossal and times our uncertain, the two biggest drawbacks to any share, you may wish ,hope even demand the price is higher but that is " ostrich " trading along with " Im buying more on the way down" or time to top up ,sorry but thats the best way to loose money i know.....remember Marconi ?