Member Info for dickyboyholmez

Thanks for the interesting and insightful response. Trying to decide whether to go all in on VIR or put half of investment in here as we could be strapped in on the runway waiting for take off whilst VIR is already up in the air :)

Spread is a kller

thinking of investing here. Attracted by the low MC/no of shares in issue. Cos investment strategy, bod and VIR investment. Any thoughts?

says 5.75million is issue???

I'm not invested here. Bought at 5p few months ago watched it go to 15p and sold out at 9.5p. You could be right but it is the only the start and will be lots of ups and downs. GLA.

Don't get impaled on a spike. SCHE still in big trouble. If you want to invest be patient and you will get a better entry point. Nothing goes up in a straight line.

No Southern Cross homes to close until at least October Southern Cross has been in talks with its landlords and the Department of Health Continue reading the main story Related Stories Southern Cross home plan agreed Q&A: Care home closures Southern Cross to cut 3,000 jobs Southern Cross has reached a deal with its landlords under which no care homes will be closed in a transition period that will until at least October. The landlords also told the BBC that they were prepared to make "significant financial concessions". They said that it was likely that the company would survive under a different name and the number of homes would fall from 751 to 500 or fewer. They have been in talks with Southern Cross, which is unable to pay its rent. There will be a crucial meeting between landlords, the government and Southern Cross on Wednesday. Earlier, the chairman of Southern Cross reassured residents that they would continue to receive care and defended the business model which many argue has pushed the company towards collapse. Christopher Fisher told the BBC care "will be sustained" across its homes, by Southern Cross or another operator. He added that the company would be in a worse position if it had borrowed money to buy homes, rather than renting them.

IMO the Co will survive but LL's will take equity in the business in return for a reduction in the rent. The PI's shares will be diluted as a placing will have to take place. I invested at 5p saw shares shares to 15p and sold out at 9.5p.

Anyone have any thoughts on the future of the company/renegotiation of rents/govt bail out ec? Thanks.

after rent negotiations. Big back just gone through? Could be on the rise. GLA.

at 5.5p - tempted to proft take - but holding firm. Just. The situation hasn't changed but we need some positive news.

http://www.fool.co.uk/news/investing/company-comment/2011/03/28/southern-cross-to-stay-afloat.aspx

Good news - IMO SP will flucuate between 12 - 15p until formal agreement with LLs is announced. Then we will see a marked increase.

Closing price? Another good day for the share.

The reason for the rise imho is SCHE have employed people to restructure. After the recent profit warning this has firmed up the share price after dramatic falls. Thats the news behind the rise. What looks like the start of a plan is better than no plan. The next news to look for is that SCHE have managed to negotiate better rental terms. IF that happens 16p will look like great entry. Last weeks 6p was priced to fail which could still be on the cards if they fail to negotiate. If SCHE go bust 30,000 people won't be out on the streets something else will happen other than that. Still holding and waiting for the bigger prize that may come.

Invested here at 5.5. Where do you envisage the SP going from here?

Invested. What you mean when re 'auction time?' Thanks

I'm in at 5.5 and I'm holding. imo has a long way to go. Will rocket if rents successfully re-negotiated and IMO very likely.

new to all this but did a little research and bought in at 5p. Seemed like a no brainer. There would be public outcry if this were to go under. In that way more attractive than JJB. Let the rise continue.

Gartcymraeg - What does mulitbag mean? Thanks