Member Info for Metamorphosis84

Matlot
Regards the RI rumours, I personally can't see it.

Say they need 300m cash raise (assuming that is what they have burned through since the last RI). Well at 45p they would issue 666m recurring shares putting 828m shares in total circulation.

The new shares would constitute 80% of all shares in circulation.

And, assuming the take up would be as disastrous as last time, the book runners would pick the shares up instead. That would mean that that the book runners for this rumoured RI would own 80% of equity. Enough to propose all sorts of activity including de-listing.

Is D4E not more likely? Would be interested in your thoughts on this one Matlot.

Kept knocking on the door of 92p yesterday afternoon, three times it tested but couldn't get through.
A likely sign of a retrace to the early 80s again.

Indeed. Sentiment is so so low in this sector with good reason. And the slide becomes self fulfilling, people won't buy in if they don't think other are buying in.

However, unlike some of its peers, Costain can boast that:

"The Group has a robust balance sheet including a strong net asset position and positive net cash"

Unless there are more nasties, when sentiment improves, Costain will be a better bet than troubled peers.

"When will it end and this SP go up like it bloody well should"

When a significant number of people decide that it is a worthy investment and start buying in.
250 or so trades today suggests that not enough would be investors are being enticed in at the current price.

Yes hearing them a fair bit today, can't see it myself, I mean how many holders here would want to participate? And who would act as book runners after the last **** up?

Getting rumours that another RI could be on the cards?
Anyone have more on this, how much cash might be raised and issue price?

Now sitting in 2nd place as the most shorted company according to short tracker, declared positions etc etc etc

Over 10% now. Will this beat the AA to the top of the league this week?

A huge rise in just a couple of weeks.

https://shorttracker.co.uk/company/GB0004915632/

Well I have provided the link to Kier's very own website which does *not* have an 11th July 2019 down for a Trading Update. Even if London South East website does.
If indeed one does take place, then in says something about Kier Investor Relations, if they are unable to update their own website.

Kierillian, thats a good one. Think an Interserve scenario is more likely.
If they are testing covenants by the time the new finance man gets in, they will probably have to go for another cash raise. RI will be a no go, so debt for equity. At this rate the MCAP will be so low it will be looking at 98-100% dilution.
Of course holders at the time will claim they are being robbed and vote against it, so some sort of pre pack administration will take place. Or liquidation.
Either way, 0p Equity Value here.

Anyone can do that trick. Pick two numbers out of thin air, voila.

More a case that shorters bother themselves to read the accounts and balance sheet, rather than being privvy to privileged information.

Snowy it does make sense, this is the price that at this time, people are willing to trade at. And considering the low volume, it may come down more to entice more in.

Why the need for your constant posting?

What is the point of anyone posting?
Such a stupid question.
The last couple of weeks a good deal of my posts have been in response to your stupid questions designed to catch me out, one such being that ridiculous exchange the other day where you asked me if I was really sure about the date of an RNS.
Look back your own posts mate, they are inane. Most of them "Metamorphosis 84, do you think this" " Metamorphosis84 are you sure about that" "Metamorphosis84 You're only saying that because....."
Very little contribution to worth as to the value of this share price.

Answer to your question Matlot, still expecting 0p equity value here.

Dvharrison, was to be expected that 100p would be breached. Being a psychological number as well, am not surprised it has rapidly lost a few pence since. Personally expected this sooner.

Nige's account has more holes than a swiss cheese.
Claims to have an investment strategy and that he doesn't gamble then admits that he gambled on literally one possibility taking place, that being SPD's possible offer.
Claims to hate day traders, yet is quite happy to indulge in a bit of day trading himself.
Claims to approach investments long term then tells us all he sold out on a 2-3p spike.
Still waiting for an apology, a proper one.

Well the markets are always right.
If you think it is worth more, contact your broker and put in an offer at say 250.

Nige, when are you going to admit that you are being dishonest about yourself and apologise to everyone?
That is berating people for day trading whilst doing it yourself.

Will leave your quotes here again for everyone to see:

""Who do I think I am? Someone who has been in LSE for years and can't stand the DAY TRADERS"

"TRADED the share - making sure I did not keep a material amount investments for any long period due to the well known risks. "

Not holding up following the Rns with detail of a 5% dumping.
Shorts still increasing, nearly 10% now.