RE: Breaking news20 Jan 2020 23:46
I have been a LTH since pre- NYP planning, and bought into the CF spin. I live locally, and warmed to how a successful SXX would change the economy of the Whitby area.
I have lost >£100k, and have only myself to look in the mirror at over that. I still have a residual 52k SXX shares left, and will now hold to the bitter end.
This whole deal has all the appearance of a stitch up, what with the AA Directors visiting Woodsmith months ago, and it does seem like a premeditated deal that suited the BOD, but how strenuously did they investigate other options? It cannot be right that CF walks off with >£5m and a job whilst the local private investors get royally shafted.
I believe I will be quoted in the Daily Mail tomorrow on SXX, but they have missed out my best line that a certain someone should “Foxtrot Oscar back to Oz”.
Will definitely vote NO. Because either AA will improve their paltry offer, or the threat of administration will force BoJo to act.
My heart goes out to the 85000, no matter how big or small their loss.