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Market gets little distorted at this time of year I think with lots of ISA and tax related movements.
Might be some support around 367/8.
Might regain ground this afternoon.
BH = ‘Bank’ ‘holiday’.
Garydav is (in my personal opinion) one of a bunch of robot/troll factory, accounts on the LSE.
Best ignored/filtered.
The ‘Toffers’ account also appears suspect to me.
There’s a bunch of bad advice on this board -
that is something I am certain of.
I would be surprised if this opens at all tomorrow. My view (and it’s based on experience, not any special knowledge so may well be very wrong) is that there will be a bunch of RNS tomorrow morning - one of which hailing the suspension of the company’s shares and others detailing whatever proposed resolution to this crisis the BOD has come up with over the BH.
GLA
£1.41 would be ridiculous
To be fair, these AIM pharma companies come and go, like a bunch of John’s’ frequenting a Soho massage parlour.
This BB is infested with them. So obvious to me. No idea why people engage with them. Better for one’s sanity not to.
GL
As I type I was remembering that
Surely this will be suspended on Tuesday before opening? The placing is coupled with a de-list, and the discount will likely be based around the Friday close price. I bet all these ducks are in a row before opening on Tues.
Although, as I type, CINE traded on as it's eventual destination was being negotiated.
Absolutely, LWHL
Can't remember the name of the chap, but someone like that bought up £1.5m of JOUL few days before it went into admin.
Sure it happens all the time.
Theranos is another shining example.
Didn't IK start posting here? Perhaps he'll share his thoughts this weekend...
*But something should have come out earlier in the day not end.*
I think it was pretty obvious that something was coming after hours. It's how these things work. The question was what was coming along - unfortunately, it was bad news. Also, any equity raise is likely to revolve around the share price at the close of the last trading day. I personally, wouldn't be surprised to see a flurry of pre-open RNS, including a suspension, a proposal for the equity raise, and de-list and so on. All will need to be approved by shareholders - 75%+, I believe.
Just speculation.
"Does anyone have a date for the results in April ?"
Nothing on the company website - probably towards the end of the month.
*That RNS could not be any worse in my eyes. It is dire. Cynical and dire.*
Agree with this. Obviously, JD saw a cheaper route than a takeout. No one should be surprised by the take private / de-listing reference - that was always the intended outcome here - just the route to it has changed.
It was always binary here - and thankfully, I left the party at 34p (minuscule £90 loss, since made back x 10, elsewhere). I would never bet more than a fraction of a portfolio on such a binary outcome.
The robot accounts are now expressing false sympathy.
Not quite sure where the Toffers account fits into the puzzle, but I'm always suspicious of hysterical posts either way.
Will be watching with interest to see what follows on Tuesday.
Good luck to flesh and blood people who have real investments here.
Probably an extension after close.
No deal would have been RNS'd this morning. The drop is profit taking from the last few sessions, since 24p.
I would say...
Ignore the robot account.
About as useful as a chocolate teapot...
In a research note published by Matthew Abraham, Berenberg advises its customers to buy the stock. The target price is revised downwards from GBX 600 to GBX 510.
https://www.marketscreener.com/quote/stock/ASOS-PLC-4003595/news/ASOS-Berenberg-reaffirms-its-Buy-rating-46286206/
I also think recent trading updates from various beaten down retailers across various sectors suggest that the tide is turning and whatever each has done to meet the current micro and macro challenges is now starting to pay off.
In ASOS case, the CEO has been quite clear; FY2024 is transformational - FY2025 is when the pay-ff begins.
DYOR/GLA
Steady on fella.. ha
Needs to get picked up by some tracker funds and once it does you'll notice the narrative change in the press / broker notes. Ideal scenario would be confirmation of 'good' progress/number in April and a move upward and back into the FTSE250 - after than, yes, I can see a fairly swift move upward as it would be picked up by loads of trackers.
Meanwhile, 388p is in view.
Above the simple 100mda (381p) - should attack the 200mda (387p). Looking very bullish all of a sudden I have to say. Blue sky in view...
DYOR/GLA