Exactly, £130mm if I remember. That makes these shares worth approx 1.7p each. Of course Amigo can now lend and will put this episode behind them is an advantage but the only question that matters is how much profit can they make in 2, 3 and 4 years from now.
I agree, some will start to buy given the fall. I'm not sure where where bottom is but it hit my prediction of 20p today.
If it goes to 10p - 15p then i suspect we'll be able to buy in single digits.
Why do you think Blocks SP I affected by BTC?
Who said I haven't shortes since 2800?
I only asked what your opinion was because I want to hear the views of those I disagree with it. Maybe I missed something that I should take another look at.
It sounds that those who are buying have no real conviction in a turn around which begs the question, why not wait until you do?
We are not going to be a take over target. I don't understand why every investor thinks that about the Companies they are invested in.
Plus, it makes sense for the Bod to only buy shares in a small range, say, between 87p - 93p. Thinking about it, I don't expect this to be driven by bod buying pressure.
Given the macro environment I suspect this has further to fall, however, this is in an oversold territory on the daily chart. I suspect this will continue to fall, potentially to 20p. Look for the double bottom on the charts before this moves higher.
It has nothing to do with the opinions of this board but rather making the EOY accounts look attractive. They have £130mm in cash, I believe. 2 months to artificially improve plus offer a dividend with a portion of that cash.