RE: Sold out5 Aug 2020 10:20
If 70% comes from aviation - then why is are the current price lower than 70% of the 52-week high, also considering the entire aviation industry is not 100% dead, lets say maybe just 30% of aviation industry is still left and over 70% is affected by COVID (especially considering that UPS, DHL and other cargo airlines will shoot up considerably during the times when passenger arlines are down), then this should be trading at at least around 40 - 50% markup - like most other stocks, which is around 350 - 450. It is a good strategy to take your loss, because no one is sure where it goes from here, but there is absolutely no denying that these prices are ludicrous and going to a 16 year low makes it even more questionable. I believe some big pocket investors are toying with this company and the British tax payers! Think of the RS issue, how can they even raise share when the entire company is valued very low at 4BN, they stand a better chance of raising better money with better share price, otherwise investors can just come and buy shares at dirt cheap prices rather than or they can sell over 35% of the company to raise £1.5BN - that will be just plain silly. I know it is emotional when you are invested, but this will move towards 300 pretty soon, I expect at most end of the month or sooner!
I am just putting your explanation into context. I do not see how the UK government will continue to fold their arms and watch the economy go down the drain because of COVID.