Member Info for Dodger16

Jax, she absolutely is gone. They are just deciding when!

I am hoping for a TO at some point. Hopefully get my money back from GKN, ftse up 70 points and mro flat…..

“Not for the faint hearted”

Now worth less than half of what gkn cost…..

This has lost any positivity and momentum. Would have been better off buying Aerotyne.

BTFATH - I 100% share your view.
Sickening and disgusting.

Looks that way. Awful day for markets but as usual this goes down more then fails to even rise on a general up day. Market really hates this stock right now. Might see 70p again.

Mct, same boat as me. The value will come back, its been over punished. The BOD have done the job and positioned the company well. Not their fault the wider industry and economic issues.

Doh! of course it hasn’t!

Market going to open badly today. Wonder if this will do better than most given its already been beaten to hell.

Rocket, keep buying! You are having the right affect!!!

You would be better off buying melrose now if you wanted part of it! £4bn market cap. Thats a quarter of what they normally return for an asset! (£8bn gkn would hope for £16bn).

Honestly? I think they are being over punished by a market that doesn't fully see the potential. People want surprise news in a melrose update. Like they had accepted a multi billion deal for part of the business. This news feels like a move to get away from having bought something that wont see a market recovery for a while.

I knocked 20p of my average from trading but 140p is looking awful now! Never saw this going like we were going into another pandemic! Surely the bottom has to be close. Nervous though with all the rate hikes and recession talk!

Who cares about the post, anyone looking at the SP has a right to think there has been no buy back! I didnt see anything in the rns update that warranted such a drop in the SP, hopefully this will pick up soon.

Real runt of the ftse 100. Goes back to paying the bid premium on GKN. This is now worth less than gkn pre melrose interest and certainly well under the £8bn.. Awful 4 years for the original shareholders, it will turn but i feel it will take at least a year. I just don’t see what good news imminent and i cant be bothered with demerger trickery, the return of cash was a joke, the buy back now seems pointless….

Needs results now not pointless buybacks and spin offs. The market will turn for them and they are well placed but going to be a long term hold. Today was an up day for the ftse what a shame they did this rns!

Bamb, placing is inevitable because the cash is nearly gone but business does seem to be picking up. Would rather see a placing and continuing wins than bust!

Share price going up anyway lately. Its a positive rns but they will need to land at least 40 of them to hit that “inflection”.

JL, what is the point. Just look at the trades for the last few weeks? Nothing meaningful, no volume. Cash almost out and the most dilutive placing coming. Awful revenue figures for H1 and expect same for H2. They never cut costs and you cant hang on to a payroll like they have waiting and waiting.

You absolutely work for wsg.
Trying to help steal more cash?