Member Info for Kabaa

Very good point Pianista and to add they have also delayed much capital expenditure towards the travel side.

We are clearly not the only people thinking this is due a big re-rate, given the large purchasers into the drop.

Also with the debt covenants considerally loosened, we live in a time where leveraged companies that can survive this year will do very well with all of the monetary accomodation that is coming. I can see this back to 50p in a flash and potentially more. The Ceo bought £100k worth a month ago at 39p. He will perhaps buy more if it is still down here once the audited results are released next Thursday.

10,000 shares bought today for 50 pence. Could that be another Director buy?

A joke of a company. Director salaries must be more than the market capitalization now. What do they actually get paid for?

That would be nice to see them get their comeuppance, although these people usually get away with it and are likely already on to their next tricks.. Disgusting.

I'm not sure about others but this is one of the only stocks I have that hasn't been hammered (as severely)

Unemployment in the coming months, earnings for businesses and the value of any cash is going to be very questionable. Which makes almost everything very hard to value.

Gold however will stay relatively propped up if not go straight through 2000 bucks by the summer.

We could well be sitting on £10bn of gold or 30% of 20m oz by then. 40-50p is not out of the question for a share in GGP by the end of the year. That is a high estimate but many were saying 40p was impossible a few months ago. To me it seems even more of a reasonable upside target now.

Many stocks out there look cheap at the moment but if the economy gets hit very hard in the coming months, they won't look so cheap. GGP on the other hand I am far more confident about. 3-5p at the moment seems a fairly safe bet?

News could be huge for saga?

Government vows to help businesses effected by coronovirus with bridging loans , staff salaries.

We could see a massive bounce here in the coming days/weeks.

It looks like the general market has bottomed now and stocks like this will recover at a much much faster rate as they were the first to get hit.
Looks like a good end to the day.

Also many big companies will be looking to take bombed out stocks like this over completely.
This sector has been hit way too hard especially saga which can clearly survive some pretty stressful scenarios of what may come...

Is way too much for this, especially when insurance business is expected to report robust earnings in a couple of weeks.

I can see this getting straight back to 40s and 50s if the market recovers 10-15% but certainly mid 20s to 30s if not. CEO literally just bought at 40p.

This is one stock I think will recover a 3 digit% very quickly and only sold off because they are associated with the travel sector.

A tonne of cash available through earnings and credit facility will not see this bust any time soon even if things continue dire in the economy for months.

I was probably the only 'negative' poster on here in the past few weeks.
Apologies?

I'd bet the accounts get delayed.

Then you know something stinks if they're having trouble signing them off.

Perhaps an rns of this next week?

Adzky Do you have any evidence that it was a margin call?

Add the £375m share sale done last month at a massive discount at the time.
By several directors and the biggest shareholders.
That is frantic and not a good sign of things to come.
Especially when there is hugely delayed reporting of it, mixed in with plastic takeover talks.
Telegraph article sheds more light on related party transactions inside nmc (purchasing from companies who shetty owns etc)

I'd say there's a reason they were so eager to get out despite the market dropping 70-80% very quickly and it's probably because the shares are worth much much less than what they sold them for. I.e. 0 or close to....

It can go down a lot faster.

Many of the smarter ones will be wondering why several of the biggest holders had their shares sold so quickly after being accused of potential significant fraud....then all resigned as directors.

I don't think its a good sign of great things to come for shareholders of nmc.

Sub £2 soon imo.

How many warnings do you need?

RnS in black and white.

If you are an ii holding this and it goes to zero, you are going to look quite bad.

Lol - How many times are people here going to fall for the takeover interest.

There is clearly a very large seller here. Co-incidence?

Just to add liquidity has fallen off a cliff.

Any big player wants to get rid of 10m shares here and the price could collapse 30% easily.

Not many serious investors will touch this now for any big money.

If you have 2 big players running for the door at the same time, 50% downside is easy.

What is the upside? We may go up 50p again but I very much doubt it after yesterdays RNS at 5:30pm

Adzy, you're one of the best posters on here but your long is insane imo.

This really is starting to look like an imminent collapse (potential)

What is the upside? 25 pence?

You've called it well so far, it would be a shame to see you lose any more than beer money on this.

Krupa will not be making a bid either (at any price)

I told you. As soon as we heard directors heavily sold into these 'takeover talks' with 2 parties, you know that it's b s.

Now the public are sitting on 10s of millions of shares that are likely worth far less than today's price.

Yes gregpeck and thank God I did.

Now i can see why it has got smashed, only it's taken 2 weeks for them to report it!

Exactly And if they've hidden these debts, what more debts and other nasties are hidden in nmc's books?
Hence the resignations and aggressive share dumping.

Exactly adzky and if you read the rns of the 14th feb it is entirely innacurate.
The 11m shares were sold around 10 days before this and 14 days before today's rns.

No bank is going to sell £100m worth of shares on someone's behalf for a director of a ftse 100 company and then take 2 weeks to tell them.

I think we are yet to see a lot more bad news in this company and see why all the directors dumped their shares so quickly and resigned.

I would guess many of NMC's debts will go unpaid and the shareholders and potentially even bondholders will get nothing.