Member Info for gmed-2

I'm buying here too. At these prices VOD is a nice takeover target.

My guess is that a very considerable part of the price fall can be attributed to massive shorting by the hedge funds. They're playing a risky game because if the sp remains at its current level very long, there is a very real possibility that someone will make a takeover bid. In any case, those are all shares that will have to be bought back sooner or later and volume is a two-edged sword.

I agree 100% with you, Rathgar. My wife and I have had Vodafone accounts in both the UK and the Netherlands for many years. Never a complaint in either country. Excellent service in the shops in both places, especially the Netherlands. Nothing but good to say about Vodafone's customer experience. Now to sort out management and finances.

An unrealistically high target price can mean that one of the broker's instutional clients has a load of shares it wants to get rid of. Of course, it can simply mean that the analyst enjoyed a particularly boozy lunch that day.

Deadline for filing accounts at Companies House is end of the month, so we're almost sure to see something by then.

Not very encouraging reading, is it. The value of the assets remains "highly uncertain", but whatever it turns out to be, I think we have to assume that it will be a small fraction of what is owed to the creditors.

I love shorters - they're guaranteed buying for the future. If the sp goes down, their buying supports the price as they close their positions to take profits. If the sp goes up and they decide to cut their losses, it just adds to the sp rise. And if they're all in a real hurry to buy, it provides the most wonderful entertainment: a short squeeze.

My company's accountants also take forever to do anything. They claim there's a tremendous shortage of personnel because everyone wants to work part-time these days. I don't expect it would be any better if we went to a different firm of accountants because they all draw frim the same labour pool.

Tomorrow would be nice, but I suspect they will release both fy and 1h results at the same time and that may be a bit longer

I'm also expecting an RNS full of good stuff, so I'll go with a close of 1.60 on the first day of trading and I'll stick my neck out with a prediction of 2.00-2.50 a week after the RNS.
Financial health warning !!!! My SP predictions are usually worthless. Ask Mrs gmed.

But if the administrator replaces masterman, perhaps the company won't have to pay his salary any longer. And if the administrator does actually manage to keep the company alive and operating, he'd be worth his fees, no?

Gug, fortunately, I've never been involved with a company that had anything to do with administration or insolvency, so I'm no expert in the field. Please correct me if I'm wrong, but as I remember it, administration and liquidation are two different things. The goal of administration is to see if the company can be saved as a going concern while under protection from creditors. The administrator can decide the only course of action is to sell some of the assets, but he can also try to work out some sort of a deal with the creditors to allow the company to continue, or in this case, resume operations. If neither of these is feasible, of course, the receiver is just around the corner and it's then liquidation time. I agree that in a liquidation there probably won't be anything for us. But before throwing in the towel, I think it would be a good idea to see what the administrator plans to do.

Troajan - Yes, perhaps it is a bit premature to jump to conclusions about asset sales. I also try to keep a balanced view of things (bleedin' difficult at times!) and an alternative possibility is that the creditors have simply lost faith in mm's ability to manage the company and have forced him to accept an administrator to try to salvage the situation if possible, which it itself would be no bad thing. As you say, at the moment the company may be on life support, but it IS still breathing. We await developments.

That's the big question. My guess is that the creditors have decided that wres will never be profitable enough as an operating company to pay off its debts, at least not without a huge injection of new capital, which it will never get. So a sale of assets is the only alternative. If that's what's actually happening, I hope they can find some investors with deep pockets who will pay decent prices and that there are a few crumbs left over for the shareholders. But that's probably wishful thinking, I'm afraid.

They can't get information from their wholly-owned sub? Gimme a break!

Those two big trades are almost certainly a put-through (a simultaneous buy and sell at the same or only slightly different price ). They're used mostly to transfer shares cheaply from an account to a related account without having to buy and sell on the open market and pay both full mm spread and commission. It's a very handy tool that I've used several times. H&L did them for me at a very reasonable cost with just a quick phone call and saved me a pile.
A very happy Christmas to all!

Steven, check out what Shell is doing in the field. In addition to what has been published, I've heard that they are already drawing up detailed plans for providing all their filling stations with hydrogen pumps. In any case, if inflation continues at its current rate , I'll probably have to sell my entire kzg holding to buy you that beer if I lose.

steven - bet a beer that in ten years from now hydrogen will be well on its way to becoming the dominant type of car on the road?

I'm not at all unhappy with this move. I fully agree with Basher andd car3y that, for many reasons (most of which the politicians are either too stupid to understand or too climate-obsessed to want to), electric cars are never going to have a real future. Hydrogen makes a lot more sense and as soon as the technology, which is further along then most people realise, is perfected, electric cars, along with the huge need for lithium, are on the way out. I always thought of the lithium as a sideshow to the tantalum, but I was hoping we could turn a bit of it into cash while the going was good. But if lithium was responsible for a good part of the sale price to the Chinese, turning the stuff into good cash right now makes a lot of sense to me. The only problem is that I now have a lot of useless information about lithium clogging up my brain.

BV - before you take it wrong, it was me as the guilty party I was referring to, not you for the string of O's (although you have to admit it was a bit much).
I do very little research before plunking down my money. I won't go into detail as to why I don't, but I haven't done all that badly over the years employing this strategy.