Member Info for FEXIT

Cannot believe that LSE are paying a Dividend! You are right ..... We are all in it together!!

Hi Pokerchips,

We will revisit our discussion post Covid-19 ... whenever that is?!!
In the meantime, having watch AML stabilise into the close, I have other fires to put out like Texas Oil trading at 10 dollars a barrel while Brent trading at double that!! Thanks for your insights.

Hi Pokerchips,

We will revisit our discussion post Covid-19 ... whenever that is?!!
In the meantime, having watch AML stabilise into the close, I have other fires to put out like Texas Oil trading at 10 dollars a barrel while Brent trading at double that!! Thanks for your insights.

Hi Pokerchips,

You get the point - of course I cannot short this stock! But other investors CAN .
If I were a large shareholder. I LEND my shares out at 2.20 plus a fee to a BORROWER.
He uses the borrowed share to sink them down to 80p and then buys them back to give to me - the Lender.
Can anybody explain whats in this for me the Lender? I know whats in it for the borrower - who no doubt has teamed up with other borrowers!

I will give you an example of what shorting can do... take IAG. Current share valuation 4.5Bn. Net Debt 7.571BN (as of 31-12-2019). Airline is floored. Planes parked on tarmac. Its only assets are its planes and its staff. I could short it continually until share price hits 80p/45p/30p. You will not be able to value it at all. Thats what I call shorting. Bringing a company to its knees during Covid-19!! (I used this info in a debate for another share price- only fair to forward it to this forum)

Hi Pokerchips,

I will give you an example of what shorting can do... take IAG. Current share valuation 4.5Bn. Net Debt 7.571BN (as of 31-12-2019). Airline is floored. Planes parked on tarmac. Its only assets are its planes and its staff. I could short it continually until share price hits 80p/45p/30p. You will not be able to value it at all. Thats what I call shorting. Bringing a company to its knees during Covid-19!!

Hi Folks, no logic to share price movement at all considering everything. Its the shorts you know. As a small investor its now a waste of time investing in the stock market. I cannot SHORT. So whats the point? They can bring a company to its knees. A speculator- the opposite to a shorter can do damage as well but it does not attack the very fabric of a company unlike a shorter. It just puts unnecessary froth on a share price that eventually gets blown away. If a small investor does not have the same relative opportunity as a large investor (some who short) whats the point? There is good news however, not for today but later.... shorting will eventually be banned!!

Hi All,
Explained new low post rights as being 49P (1.25+1.20)/5 = 49p.
Now for new high post rights (2.77+1.20)/5 = 79.4p.
You may recall the share price went as low as 49p. Now it should rebound to under 80p.
No great science here - just analysis of pre-Rights. Thats all!

As you know I predicted bottom of 49p for this share based on historical low pre-Rights. Nearly there now!

Same old Mugs Game here. Big investors stuck at 2.20. Share falls to 0.10. Big investors snap up. Wait for the big story...... we had that! Now have averaged down. Share shoots back up to 0.28 and Big Investors dump the lot! Of course you will need to know there is actually a big story!! I have seen this for past 35 years!! Did I hear the big story was something about banks providing liquidity!

This Club is going south of the border. When that happens... Zoom!

The all time low for this share pre rights was 1.25. So how low can this fall post rights is (1.25+0.30x4+/5 = 49p.
Thats where I move!

Cannot understand trading in this share! Multiple trades in very small number of shares. its capitalisation not understood either. Now valued at over 11 times that of Bank of Ireland. All very curious indeed!

Of course the company is old and will NOT go out of existence. Its the current crop of equity shareholders that will lose everything.

This is a company that floated off at 19 Pounds. Luxury car should have a luxury price. Get that but the market quickly saw through it. Now here we are at 68p having had a very dilutive 4 for 1 rights issue at 30p The final insult will be when they do a 1:10 or a 1:20 share consolidation to get the share price up to a premium price again! Of course that would simply be technical!
So for that very technical reason, as a small investor, I will not be investing at these low share prices. Hopefully one thing will happen post Covid-19 and that is the total banning of short selling. A short seller/s can bring a company to its knees. Speculators ramping up a company( the opposite to short sellers) overvalues it but they will never bring a company to its knees - people still will get burnt but not at the same level.

I can use it alright. The person who bought AML at 1.25 pre rights and took up his rights then 49p is the average cost to him. The theoretical XR price is different however as the last price before the rights were announced. If my memory was right this was calculated at 76p at that time. Roughly where we are today!

The lowest this share went to before going XR was 1.25. So to re calculate that LOW (taking into consideration the Rights Issue) is very simple. 1.25 + (0.30 x4) = 2.45. To average all for the person who bought at 1.25 and took up his rights : 2.45/5 = 0.49. So answer is 49P. This person only loses money when the current share price goes below 49P!!

Be careful investors. This is just a short squeeze! I am delighted for that bunch to get whipped.
However who is going to believe that banks are going to give Tullow any headspace at all whether legally binding or not!

Raising funds to pay for redundancies or as they put it - General Administration!
I will NOT be participating and for that reason I'm OUT!

Cannot understand how this lofty share price is keeping so high? Cap of 17Bn Eu. And they nearly bought a US flavouring company for many Billions more! Lucky with that!!