Member Info for mdmckea

That 'Naked Short-Selling' article is a great, although depressing read. Not sure how the authorities can deal with this level of corruption.

Have a look at:
*https://www.bloomberg.com/news/articles/2021-01-27/bros-on-reddit-bludgeon-melvin-capital-in-warning-to-wall-street*
There's a rumour on Gab (and this is *just* a rumour at the mo) that Melvin haven't 'Covered their losses' at all. And this is because, using leverage, they 'borrowed' 140% of remaining unbought GME shares. So at the moment can't even buy back enough shares to repay their broker - no matter what price the shares are.

I'm new to this Reddit thing, but have joined and will see how it works.
Loved the way the small investors in the USA took down some of the Hedge funds. And Melvin Capital reportedly went bust after losing billions.....

As an investor, and not a trader, I have faith in this company long-term. So, when I get the chance to top up at low prices, I do so - just bought more this morning.
And yes, I know the risks and consider them reasonably low.
GLA

I'm an investor so, with this level of uncertainty around Brexit, Covid, USA politics etc I feel for you traders out there.
I've been buying on and off for many months now and 13% up. This may well be another buying opportunity as I have real faith in this stock for the future. Good luck guys and let's hope for a happier new year.

Saw this on Yahoo Finance, but not sure if I'm allowed to post the link yet.

#https://uk.finance.yahoo.com/news/delta-hints-possibility-purchasing-boeings-155214543.html#

Looking at the quality of this company's product, and the considerable market share it already has, buying RR shares is a no-brainer. I've been buying for months (bought again today), despite comments from de-rampers.
I'm not a trader, I'm an investor for the long term and RR seems a wise choice. GLA

Go for it - I'm still buying.

@BBang. The Rights Issue will increase the MCap by £2 billion. The Bond (as per the RNS info) increases it by a further £1 billion. FFS ??

I did
Current Market Cap £2383000000
Bond Offering £1000000000
Rights Issue Cash £2000000000
Loan Commitment £1000000000
Gross Total £6383000000
Did you actually read my post?

I'm with you there Paul - here for the long term. Unlike the smoke & mirrors 'assets' that Commercial Banks have, RR produce quality goods. They'll be back big-time in the future so, although I've been buying each month at these low prices I'll probably hold now for 2 or 3 years.
Good luck mate.

I'm curious too Paul. I thought that the Market Capital, divided by the number of shares issued would give me that answer.
So, if 5.25 billion Mkt Cap and 8.4 billion shares issued, surely we'd be looking at around 62p per share?
Would appreciate some experienced advice on this though.

Bwahahahaha!

@Treacle24 Yes, my filter has a good list of numpties so I don't have to read their continual, whining talk-down of a share. In this current bear market they'll make their profits I'm sure. But I'm here for the long term so don't need to read carefully constructed de-ramping BS.
GLA

Like most of you, I do a fair amount of research on my stock picks. With RR I had decided that unlike the smoke and mirrors of many commercial bank 'assets', RR deliver quality products and are worth the investment risk. Yes, dealing is a gamble as we all know.
Looking back through my notes I haven't changed my mind about RR, and so will be taking the full RI allowance. And if, post RI, the share price drops like IAG did, I'll buy a lot more.
If the company does crash and burn then OK, I've made a mistake and will have lost money. Sad to gamble and lose, but it won't break my bank.
If on the other hand RR come good in the next 2 - 3 years I'll have made a decent profit. Exciting times...
GLA

To me, share dealing has always been akin to gambling and therefore I only use money that I can afford to lose (although I'd much rather not...).
Looking at the total lack of coherence around the government's pandemic management policies, along with the uncertainties with Brexit, I've therefore decided not to sell, nor to buy additional shares until more clarity of direction and intent is provided if ever...).
So, I still have faith in RR and my shares will thrive, or wither and die over the next few months, but I won't be fretting over them.
GLA.

I agree @genco. Some of the comments here are lucid and informative, others just lower the tone of the chat facility.
I did my research, felt that RR has great potential for the future, and I'm in for the long term. Each month, while the prices are low, I buy a few more.
GLA

Everything that's caused the SP to fall seems to have been the fault of external sources - Covid quarantines, Brexit uncertainty etc. etc.
When I first bought into this company it was because I viewed it as a sound business with a good product.
None of that (for me) has changed. It is through no fault of RR that the SP is at this level. So, I'm staying in because, long term, I expect the SP to get back to normal levels and I'll be in profit. GLA

Done!

Good call Arsenal17 - Done!