Member Info for Dodger16

Yeah not often anyone can call the bottom. I do think 7.5p will be a steal here long term. Cash positive being the difference.

I added at 7.5 the other week.
Really thought that would be the low.

You are even more brainless ramping.

"cunning" and "plan" are best used to describe ARCM.

Hi

There is no idea about anything here.

"I think Sk is saying market cap say £150 million £250 million raised. Market cap £400 million. Essentially as a shareholder you will be exactly where it is you were. Because of new shares. The other guys point is the market cap will go up. But for shareholders itl make na'da difference."

Mrd - same as my thinking on the new issue not changing the SP. The part I don't understand is what price the new shares are offered. This has been pushed down for maximum win.

Cash - slightly different path, I have no position yet.
While I see this coming good I just don't need that risk atm.

Lemarc - I genuinely expect no SP movement from the $300m debt equity raise or the equity raise required to buy BP.
Not on the day.
I remember when PMO did this with the convertible loan notes. The market cap adjusted immediately to reflect less risk on debt. What we might see is a huge climb after it when this looks a lot less risky (4 years of headroom) and potential to be at a x 1.5 multiple of debt by end of 2021.

SK - that is what DBNO tells all the ladies.

Yes, its labor day!

SK - me too, so what if we miss out, PMO has always let me back in.
The rights issue is to buy something that is nearly has much as the current market cap.
Just when I think I have seen it all, VWAP, convertible loans etc, pmo brings another scenario up.

What people don't understand (some do) is that there are no shareholders here. The people that have the debt own the company now.

Has to be at a special price, which surely means discount.
Why would you pay more than what you would buying current shares from the market?

Need to pay attention, just had a quote on Wanda Sports Group fail (outside of market hours) - need a coffee.

Been trying to buy and keep getting no-quote. Trying on and off since 9pm. Won't even quote me £1k.

Do you remember what happened when they last issued shares - on that last refinance?
When they removed the convertible bond debt using the VWAP?

Nothing happened - absolutely nothing. The SP stayed the same on the day of issue and the market cap moved to reflect the new lower risk company. The BP acquisition will do nothing to the SP except for give it potential to rise much more, especially if oil geos up. The conversion of debt for shares will do nothing either. You will be looking at a new significantly de-risked PMO.

What a joke this BOD have made of the company.

Sauer was right - sell the CAT.

I don't think Sauerkraut will start a war either ;)

moron

Rock, they did not disclose the position for months. I realise now why, nothing to do with hedging their debt exposure. Plan was to win on the short by driving sp to zero. They will then own the company and sell it off.

Mrd - its certainly heading that way.

Good point Goodman, lets hope China give us the vaccine they made 2 years + ago soon.