RE: Tug of war.......10 Mar 2018 20:19
How much has been added to the shorting on Thursday and Friday as the last one that I can see on the LSE shorting site is Squarepoint's increase of 0/34% on Thursday 8th March - can't see any for 9th March?
I am not sure how this will pan out - but hope it works out well and is does not dilute by much. The buying of the debt by Mcintosh is obviously adding confidence, but if IRV needs another �100M+ loan at end of March then it won't be coming from those financial institutions/banks that have sold current debts at 50p in the pound as they will not want any further part in this. It was interesting to see the reaction of the recent rights issue at PROVIDENT FINANCIAL PLC where they raised �331M and the share price rose by 70% on the day as the company was making good progress on turning around the business. So hopefully IRV is making good progress as suggested in Dec 2017 "Overall trading performance before exceptional items is expected to be in line with expectations for the year to December 2017, with house broker Numis forecasting �45.5m profit before tax and earnings per share of 26.6p."