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Raising money
IAG also announced on Thursday that it was tapping shareholders for €2.7bn (£2.5bn) to help shore up its finances.
The company said the money would be used to reduce debt and help it withstand a prolonged downturn in travel.
At last I can have a good night sleep, Sold this Dog of a share today took a big loss, but still have half of my initial investment which is better than next to nothing.
I am glad I am out, should have done it sooner would not like to be around for the rights issue, no way would I want to invest any more money into this company, the SP is going even lower this week will end around £1.50, IMO.
Those of you who still hold I wish you luck, at the moment I think it's best to be out rather than in.
Wed, 12th Aug 2020
UBS today reaffirms its neutral investment rating on Card Factory Plc (LON:CARD) and raised its price target to 48p (from 45p). Story provided by StockMarketWire.com Broker Forecasts data provided by www.sharesmagazine.co.uk
IC VIEW
have previously kept Glencore on hold for its yield, which was helped by various regulatory issues that have affected the share price in the past few years. If the dividend is cancelled later in the year, it’s likely it would return fairly quickly, given leverage is down to 44 per cent (including lease liabilities), compared to 63 per cent in 2016. Hold.
The curtain is coming down on Cineworld and is loosing money quicker than a running tap.
Sky News has learnt that M&S will begin announcing redundancy plans within days, joining the likes of the John Lewis Partnership, Boots, and Debenhams in what has rapidly become a bloodbath on Britain's high streets.
Is card factory next?