Member Info for giantsquid

The BBC weren't afraid to report on the CCP's treatment of the uyghur muslims. They do occasionally run damning stories and investigations.

All it would take is a damning TV documentary - an undercover BBC, Channel 4 or Sky investigation into Shein, and people's views, spending habits and loyalties could change. Maybe ASOS and Boohoo should get together and approach the mainstream media about making an undercover documentary, exposing the questionable practices allegedly going on within the company? What's in it for the media companies? Well It'd certainly make interesting viewing, possibly drawing in big viewing figures. What's in it for ASOS and Boohoo? Potentially customers would stop buying from Shein altogether and return to ASOS and Boohoo in their masses.

https://www.elle.com.au/fashion/why-is-shein-so-bad-27846

A global recession could be triggered if Democrat and Republican politicians do not resolve the US debt ceiling dilemma.

If the country were to reach its debt ceiling, this would mean the Government would be unable to borrow any money.

As of today, the current debt ceiling limit is $31.4trillion (currently £25.12trillion) limit and has been raised, extended or revises 78 times since 1960.

Janet Yellen, the Treasure Secretary told Congress on Monday that the country could default on its debt as soon as June 1 which would lead to an economic catastrophe.

This would be the first time America defaulted and experts believe it could lead to a worldwide recession due to the U.S no longer being considered a global business partner.

https://www.express.co.uk/finance/personalfinance/1765086/global-recession-debt-ceiling-deadline-us-dxus

It isn't a tree shake Sharebel, it's a dead cat bounce that's done it's bouncing and is now heading back to earth with a bump.

Looks like the sucker rally is running out of steam. It's only a matter of time before the dead cat crashes back to earth unless more suckers can be found to keep it up

You know a share is dead when investors get excited about a rise to 1.5 pence

"It must be a leak"!! lol

The sucker rally

Understanding the Sucker Rally
Sucker rally is a slang term referring to the temporary rise in an asset, like a stock, or the market as a whole, which continues just long enough to attract investment by naive or unsuspecting buyers. The buyers are the suckers since they are likely to lose money on the trade when the price heads lower again. This phenomenon is also known as a dead cat bounce, a bull trap, or a bear market rally.

https://www.investopedia.com/terms/s/sucker-rally.asp#:~:text=Sucker%20rally%20is%20a%20slang,the%20price%20heads%20lower%20again.

Who is Black Basta?

One of the perpetrators of the ransomware attacks, which increased by 59% in the last year, is the Russian-speaking origin ransomware group, Black Basta. They emerged in April 2022 and became notorious for breaching nearly a hundred organizations by October 2022.

https://socradar.io/dark-web-profile-black-basta-ransomware/

I'm not a holder here, but I wish holders well. Yesterday's update was clearly positive and the market seemed to like it - I've made comparisons, perhaps unfairly, between 888's debt situation and that of Cineworld - the main reason I've never been tempted to invest here. If the acquisition of William Hill pays off, if the debt situation markedly improves over the coming years, then this will prove a very lucrative long term investment for those in under £1. Lots of IFs in my opinion though at this stage.

How many years to pay off that debt? Is there a clear strategy? If they can reduce debt and continue to strengthen the business, this will head back into the £'s. However, if debt becomes a big problem, as was the case with Cineworld, it could completely sink the business. I see this as a boom or bust scenario - it could go either way from here.

Plenty of institutions have been loading up recently, they generally know what they're talking about.

100% of a smaller pie versus 51% of a much bigger pie

Batman, no i don't think people know this. Either that or they're mad/oblivious to the risks.

Rise. I would have thought. It's a no-cash deal, two telecoms giants merging into one, with Vodafone owning 51% of the much enlarged group.

https://techcrunch.com/2022/10/03/vodafone-confirms-merger-talks-with-three-uk-in-a-no-cash-deal-to-scale-up-in-5g/

Suspension can happen at any time due to volatility. I've seen it before in this kind of situation. All it would take is a stampede for the exit, which obviously is a very real risk now.

Suspension could happen at any time - with no guarantee the shares will trade again. Anyone who buys now or continues to hold needs to be happy to take that risk.

If the merger with 3 goes ahead?

https://www.thisismoney.co.uk/money/markets/article-11952055/Vodafone-nears-Three-merger.html

Estimated net worth £42m

https://abtc.ng/mooky-greidinger-net-worth-what-is-the-regal-cinemas-ceo-net-worth/

Covid was not to blame. The company made it's first major mistake taking on huge debt to acquire regal. The share price fell immediately after - the market clearly didn't like it. And if that wasn't bad enough, mooky repeated the same mistake taking on even more debt to try and acquire Cineplex. You can defend mooky all you like, bottom line it's bad business sense taking on huge debt to fund expansion. It's totally unnecessary, it's extremely reckless and stupid and it destroys shareholder value every time. In extreme cases it destroys the company altogether and it's the shareholders who end up suffering the most. Mooky has been taking huge salaries and bonuses for years - he'll walk away from this mess with his millionaire lifestyle intact - imo he took huge and unnecessary risks with the company with very little consideration for the shareholders.

So the "trolls" were right all along.. if only holders had listened instead of attacking anyone who dared post anything negative about the company! Mooky has been a disaster for this company - one blunder after another with a shocking lack of business sense. You can blame covid til the cows come home, bottom line you don't take on huge debt to fund expansion - trying to expand too quickly and beyond your means. Buffett for example, built Berkshire slowly, reinvesting profits to fund expansion. That's how to grow within your means without destroying shareholder value.