I have seen you quote averages before and personally I don't think it is that relevant. The only people who buy or sell purely based on their average are most PIs whereas you should be buying or selling based on where you see the sp versus true value, irrespective almost of whether this generates a profit or loss. These investors will be looking long term for sure, but at their same time they won't necessarily be adverse to a bid just because it happens to be lower than a previous price paid as it will be multiples of the current sp. You can't in business or trading get them all right, so a reduced loss can be as good as a profit in many situations. Incidentally, PIs who never sell at a loss are eventually left with many shares where they have suffered massive losses, while selling winners typically for small profits. You can't fight those numbers and eventually you have lost almost everything.
If I had a pound for everytime that highest price anyone paid over the last 12 months guff was spouted.... That is if the one making the offer has been buying, and it refers to the highest price they themselves paid over the last 12 months rather than the highest price anyone paid - otherwise takeovers would almost never happen as you would always be paying the highest price.
Well we all have opinions I guess. I thought the same as jimdson without posting it though - it was old news and anyone familiar with the share is aware of it, so it did seem strange for a non-holder to pop up and share their google acquired wisdom purely for altruistic purposes.
Lol Lazarus - are you under the sheets with her as you post? Jimdson was just pointing out that the links from this individual contain nothing that isn't already known that's all, and so on this occasion there was nothing of value in them as far as they could see.
I am not sure LMI did that well on a takeover. They did have a 46-1 @1p rights issue followed by a 100-1 consolidation in there, so takeover price years later at 80/90p ish was still less than the 1p pre-consolidation rights issue price.
Better than that from the low today though I guess cuddothisnow, as it was more than that for me from the low- my average is around 2.30 but my planned exit price is the same as it was before this weeks shambles. Ending on the week's low would have been tough though as the level of these drops, so disconnected as far as I can see from any proper sort of valuation, can shake your confidence in your own value assessment if you're not careful.
It hasn't actually dropped (quite) that much - look at the market caps - there have been some placings and so there are a large number more shares in issue. Don't let spoil your story though - inaccurate as it is. It has obviously dropped a lot, but it was never in the FTSE 100 and it certainly would have been wouldn't it if the market cap was 25* today, as that would be around £7billion.
Message from IR after I got in contact - doesn't say much, as you might expect, although reading between the lines they certainly feel there is a disconnect between the sp and the business. "Thank you for taking the time to contact us. Please accept our apologies for not providing a personal response to your email, however we can assure you that your feedback has been passed to Craig Donaldson, CEO and his team. As you may have read, yesterday we issued a statement to the market regarding our decision not to proceed with our potential inaugural MREL issuance. We took this decision given current market conditions. We have the flexibility to issue MREL debt at the right time for the bank and before our interim MREL requirement becomes effective at 1 January 2020. We have a number of options we can pursue during this time. I’d like to reassure you we continue to have a strong capital position with a total capital ratio of 18.8%. "
My sympathies, but they had already changed the terms before, and the possibility of them changing the terms again was highlighted at the time, so it was a known risk (particularly if you look at it from both sides of the coin)
These people are total filth - perhaps they will get run over by a bus with a Metro Advert on it's side before Vernon rushes out of the local branch trying valiantly to save them, but failing in the end - they say any publicity is good publicity...