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Be lucky to hit 50 given the likelihood of another trading loss.
I thought the share issue was a message that all is well. If they dilute and the price drops to single digits then that is really poor management. And stupid. Cautiously optimistic now. But this is a LTH no doubt about it.
The shorters are always selling and buying to manipulate the price but have actually hardly reduced their short positions at all. They probably have inside information.
Those with a short position may have inside info that the SP will plummet on a dilution to rectify the balance sheet and hence the bonds being discounted 50%. Bummer but likely.
So, the near 11% short shares would cost just under thirteen million pounds. I guess it depends on how much they borrowed them for, eh? Struggling to push this lower now.
Tackling a company's cash crunch can actually turn into a win for shareholders, depending on how it's handled. like a tough workout - rough but you come out stronger. Redoing debt or bringing in fresh cash might shake the share price a bit. But, if done it’s a comeback story. cutting costs is just the company trimming the fat, getting lean. It's about playing the long game, staying patient, and watching the company get back on its feet. There might be a really good RNS and the price will spike. But a lot of LTHs are averaging 80 or more so it may be some time before they are happy. Once the shorters bail out the price will rebound whatever solution they come up with.
It does not strike me as logical to issue shares to reward performance if they know they will be worthless in a month.
Sandancer
If there is one thong BODs everywhere it is leech shorters. If they can screw the leeches they will. This RNS is a message: no D4E. They are timing announcements nicely. For LTHd at least.
Never mind.
If it is a reward to those who made the mess then both the giver and the receiver believe the gift will be and is worth something. Furthermore, it being the case that the reward has value the quid pro quo for that would appear to be, prima facie at least, that “the mess” has been cleared up.
In other words no D4E!
Oh dear, hope you’re not a shorter…
Sandancer
The reluctance to make a public overt approach is likely to be hostility from BOD as they have or soon will have a liquidity solution and/or the price is not right. Pfac is definitely takeover material and likely in 2024 but obviously the BOD will want a friendly and so 150-200 SP valuation.
50 - 70 on positive RNS. Takeover possible or likely? If so, 100.
Some of them are trolls. The ones who pretend to want a positive RNS or hope for a takeover then spend fifteen minutes rowing back from that and by talking about D4E. These are the actual shorters. The fact that they have returned after a positive RNS is a sign of fear and a cue to BUY. 100 is a realistic short term gain on new contract news and positive liquidity or takeover news. Shorters ate filling their shorts the shorters’ graph does not lie.
A new contract with Sonatrach may feature in an RNS very shortly, maybe a billion, maybe this week. Takeover looking more likely than last week. Haliburton a definite no brainer. SP will rocket skywards. Still believe 100 is a possibility in the short term.
Useless incels with no money, no woman and nothing else to do apart from annoy strangers while watching porn.
paul
you’re just a ****** incel mate cutting and pasting what you’re told to. you keep saying the same old shlt in different ways trying to get people to sell. please don’t bother coming back.
He’s a dlckhead mate.
millions of shares bought after close and some ******** keeps telling us to sell. get the message mate and plss off why don’t you?
shorters are bailing just follow them mate.
Solid increase, we’re on a long, long upward curve. Shorters are on a short but steep downward curve. Four or more bagger for most of us who bought at the bottom. Poetic justice. The share price is like a coiled spring and ready to jump sky high!
The only reason the tool turns up is because he is filling his pants. He bet the ranch on something that won’t happen.
Incel shorters and fake bond holders with no money are just jealous of those of us who bought at the bottom ( thanks for that) and are waiting to cash out at the top when the squeeze is on (thanks in advance for that). Two more positiveRNS about contracts followed by April’s financial update and 100 here we come!
Noob shorters: bye bye
he he he