Hi Rox, ah yes forgot to add tat discount in. I’d be surprised for 28p again as that level would probably throw us out the FTSE this time, so let’s hope there just wanting a top up but not get!! I did think yesterday held well at 45p a bit like when it held at 28p.... or was that just me hoping!
You would hope the 40p holds. Last time went to 28p due to rifts issue. So only reason to drop to 35p is due to broker rating and I know people say don’t pay attention to them but lately they’ve been roughly right! Let’s hope for a 50p open and steady there till news!
RE: News that controls the Share Price.03 Jul 2020 07:12
I’m no expert and still learning, I was shocked I didn’t expect one so quick but look how quick it sold out. They hadn’t run out of cash, but looking back makes sense, the damage limitation I think was minimal as people never saw it coming so shifters caught out by surprise, which I think has spooked them hence it’s more stable at present. They chose to do it I guess while still in a COVID period so more support there for businesses and to enable them to take advantage of this! That’s my guess, I actually don’t think this will drop much or at all at Q2 as partly factored in the last RNS at the raise, with DBX going live I would hope it swings, if DBX delayed or not the numbers they thought then god help us all! But I still believe in the brand, the fact it’s been bankrupt 7 times before tells me it won’t die, it’s one of the last great British brands that supply stars and Royalty with their cars! And the team are switched on, why would ex Jag, Land Rover and AMG head join a loosing team to loose lots of money and damage their own reputation? I’m hoping they wouldn’t!
So WG what’s your gut on this now, I’m thinking a 46p low might hit but with a strong rebound with good news of DBX. But Q2 looming who knows. At least shorts down to a low must be a good sign in the short term?
Da12346 whatever, you must be related to Angus surely...lol! You mention in one comment... no retail sales, yes as COVID like others **** down! DBX goes live very soon and a good order book means good sales!! Yes this may drop but with the facts shortest reduced, now approx £400 million still in cash, it’s not a bad thing. Things have to get bad to restructure before they can improve!
RE: Volume into the close - 1630 post UT02 Jul 2020 16:53
Cheers JT. Wow 5m UT is a big one like the other week given low volumes all day so some pretty strong selling going on, question is, is it more shorts closing out (let’s hope) or does someone know something?