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Sheltie. What you say is true and a common theme on these boards is individuals posting positive messages for companies with major red flags. If you look at posts, even hours before the demise of Carillion, Thomas Cook, Patisserie Valerie, Debenhams, NMC, Afren etc there were individuals claiming that they could not fail and it was a massive multi bagging opportunity. Always do your own research and make your own decisions.
Any bid will need to reflect current trading. Have been invested for many years and card holder for about as long. Has been my go to currency card in Europe for years. Only criticism is that it is very unreliable in USA even in big global hotel groups in, for example New York, and I always need a back up card. Sure this will get fixed. Would be reluctant to accept under £1.50
You may get lucky but Sensyne as an example were in similar financial situation. Delisted in May 2022 and as a consequence have to provide little information to shareholders and certainly no market to sell shares. Those putting a positive spin at the time put on posts similar to yours but they are now stuck with an illiquid asset and absolutely no sign of if that will change.
Further to my posts yesterday and responses from Billyrector and LWHL, I can confirm that I have now spoken with Terri at IG index who confirmed that no leveraged trades can be made with them on this company, only physical trades for shares made. Hence my post was correct and not misleading.
I will advise either way tomorrow. It is not my computer as tried on both iPad and Dell but may be an account issue although I have had an account for 10 years without a problem so took their message at face value.
That is interesting as I have been trying to add to my open buy position for over a week and always get the message that they are not opening positions on the stock and can only close. Last tried this afternoon and remains the same. I will call them tomorrow to ask why others are not having this. I trade regularly and open positions several times a week.
Novice, agree with you that they can no longer classify themselves as a growth company but if they continue to post losses and erode shareholder funds and increase debt then they have real problems. Was there ever really a credible interest in the business at £1.70? Even at that figure I would have taken a 20p/share loss but would have accepted it. Fortunately a small holder so may as well hang in but can not see anything, other than another bid, that will move the price upwards substantially.
Good luck but this is gambling territory. I remember posters saying it could not go below £10 and then again below £5. It has not been possible to open an opening position on IG index, in either direction, for over a week now which is very unusual and not a good sign.
Likewise and fear I may just have poured another couple of hundred down a black hole, but it has always been very high risk and a tiny part of my portfolio. Followed closely, but was not invested in Sirius which shows just how long these projects can take and how much cash they can consume, even with the new large experienced owner. Whilst in theory this is technically easier there is much more political risk.
Have been trying to open a position on IG Index but getting message that no opening positions being taken on this stock and can only close a position. It has been this way for some time and have never seen this before in many years of using IG on an active stock. It was working last week. Anyone have any ideas?
Went through the same situation with Marconi many years ago. An industrial giant that was too big to fail but did. Lost far more than I could afford at that time but taught me not to try and catch falling knives and no matter how high a share price had been in the past, it can still fall to zero.