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Teddy "When it drops below 50p, I can assure you, I will be jumping in with both feet"
Warren Buffet "Never test the depth of river with both feet "
https://quotefancy.com/quote/931230/Warren-Buffett-Never-test-the-depth-of-river-with-both-the-feet
I'm not tempted to buy anything atm including mars, despite the low prices - main reason being the Ukraine situation. It has the capacity to get very much worse - god forbid if NATO ends up in direct military confrontation with Russia. The situation seems to be worsening and if there is any serious escalation, the markets are likely to crash (perhaps the markets being the least of our worries). Until global events calm down and the risk of potential war between Russia and NATO passes, I can't see any kind of recovery in the markets happening at all. With all this global turmoil, stocks will almost certainly continue to either crawl along the bottom or edge lower still. There is just no incentive right now to buy shares - no optimism, no positive outlook - in my opinion.
I see this going much lower, possibly into the low single digits. The parallels with Cineworld are uncanny - both took on huge debt to fund aggressive expansion, and both fell on their **** doing so.
https://www.thisismoney.co.uk/money/markets/article-11836281/William-Hill-owner-888-set-biggest-fine-gambling-watchdog.html
This fall is relentless. It's surely only a matter of time now before this drops below £1?
"Share price holding up quite well considering"
That aged well lol
"If stock market experts were so expert, they would be buying stock not selling advice" - Norman Ralph Augustine
FlyingHigher "The Ukrainian conflict is the product of a dying US superpower drunk on its gluttonous global exploits from the past few decades, sleep-walking into a long-overdue economic and societal meltdown"
Do you work at the Russian embassy by any chance?
concerns deepened over the banking sector as Credit Suisse's largest shareholder ruled out injecting more cash into the embattled lender.
Both the FTSE 100 and the FTSE 250 have fallen 2.2pc and 2.5pc respectively today after an extended period of volatility triggered by the collapse of Silicon Valley Bank.
Credit Suisse's shares slumped another 20pc to a new record low, having fallen 29pc over the last three sessions.
Ammar Al Khudairy, chairman of the Saudi National Bank (SNB), said his company will not invest any more capital into Credit Suisse, with bets that scandal-hit lenders would default on its loans hitting a record high.
https://www.telegraph.co.uk/business/2023/03/15/budget-2023-childcare-pensions-tax-latest-ftse-100-markets/
It should have moved higher, but with all the sh*t going on in the world, like everything else at the moment I think this will continue to drift until positivity returns to the markets - whenever that is.
BREAKING: Signature Bank in New York closed by regulators
https://www.cnbc.com/2023/03/12/regulators-close-new-yorks-signature-bank-citing-systemic-risk.html
What does Silicon Valley Bank’s collapse mean for the financial system?
https://www.economist.com/finance-and-economics/2023/03/10/what-does-silicon-valley-banks-collapse-mean-for-the-financial-system
Will we see 30p again? Would be a great buying opportunity if it does. Everything is going down right now but positivity will be back soon enough, give it a couple of months.
From an investor point of view, the main positive right now is that Oasis have gotten involved. The company is in dire need of a shake up - otherwise this will continue to drift. There's plenty of value here but it's going to take radical action to unlock it.
Behind every troll is a sore loser.
dogger69, NMC, 4 Mar 2020 "Castaway yes you win you lose but I've been so stupid. I was in PLUS only last year with an average of 730. I put 92k in. I bailed when I saw MTRO sink and piled in 86k at 357. Took a 30k loss there. I put my last 46k in here at 780 so it looks like had I stayed with PLUS I would be more than 30k up with divis etc i.e.125k. So from 125k to 0 hurts. A lot!!"
dogger69, NMC, 4 Mar 2020 "Yes I agree and I have put in money and borrowed against my own company plus a credit card so I need to pay back the CC and company. It sucks big time. I should never have done it, I know. I NEED this to come back otherwise I'm as good as finished"
dogger69, NMC, 5 Mar 2020 "I really need this to start trading again guys. What hope do I have? Not paying their staff only means one thing to me. I'm finished"
dogger69, NMC, 10 Mar 2020 "Hi guys. I have lost my entire life savings here but I have a lovely family so I walk away with them and my health. No more shares for me. Best of luck to you all"
dogger69, NMC, 10 Mar 2020 "Like others have said I too am finished. Lost all my savings and it feels hard to go on. I will never invest a penny in shares again. FTSE100 stock too. Never again!!!!"
dogger69, NMC, 22 Mar 2020 "I'm praying for a good outcome here as I have all of my savings invested here! Over 50k"
dogger69, NMC, 1 Apr 2020 "deos I managed to get out of MTRO at circa 215 to take over a 30k loss. I think we've lost our entire investment here due to the crooks that were running thr Company. My luck with shares has been disastrous and this has wiped out my entire pot. I had 90k when I started out and now have nothing. I'm done. What makes it worse is last June I was in PLUS with a 90k investment at an average of 737!"
dogger69, NMC, 5 Apr 2020 "The thing that I'm struggling with is I had £92k invested in PLUS last April at an average of £7.37. Then I sold at a loss to jump into MTRO where I lost £35k, put the money I had left into here and come away with nothing. Had I have left my investment in PLUS I would have £135 in addition to the dividends they pay! Devastated to say the least"
The last few trading updates have been relatively positive and yet the share price has continued to slide. I do think this is heading sub £1. The huge debt mountain and high interest rates is probably to blame for the ongoing decline.
Quite incredible people are still holding this. Shareholders will almost certainly be left with nothing. As for mooky & co, they should never again be allowed anywhere near a listed company. My advice, get out while you still can.
1.83p more like - and even at that price you'd be a fool to buy it
Don't feel bad for them. They've attacked every critic of this falling knife ever since the rot first set in - if they'd listened to them instead of attacking and arguing with them, they could have got out long ago for a decent price. Those ramping this dog suckered others in and frankly, owe other investors an apology for losing them money.
Cineworld shares plunge after it receives no all-cash offers to save business
Any bankruptcy rescue deal for London-listed group would wipe out shareholders
https://www.theguardian.com/business/2023/feb/24/cineworld-shares-plunge