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How can anyone perceive that as a positive update:
MENA is dead in the water, Saudi bank not interested and Sharia paused
USA - Nothing happening
Fintech bank - Dead in the water, term sheet expired
IM - No more executed
SACE - Needs amendment to Italian legislation
Since the placing at 240p this share has been a disaster. No idea what they spent the £2.5m on!
£32m in cash at the end of June 2022... now no means of income. Cash dropped from £178m the year before.... cash burn is absolutely massive.
Company had £32m cash at the end of June 2022, however this had reduced from £178m from the previous year. There can't be much cash left now.
I'm in some Telegram SYME groups and they are not boiler rooms. In fact most posters are negative and challenging to to the company and its updates. To suggest that owners of these groups are getting paid is ludicrious! Who is paying them? Where is the evidence they are being paid?
Surely we're in oversold territory? I know the market is volatile but the company is still making good profits and has diversity.
No PMQs due to conference recess. You won't be hearing from the PM for the foreseeable.
Offer of £15 seems a bit on the cheap side? What's everyone's thoughts on the vote and whether a counter offer will be made?
Price dropping to a very attractive buying opportunity. Recent market update seemed quite bullish?
Agreed Moonman1977, this doesn't loook good at all. CFO going with immediate affect, £25m repaid with potential further sanctions. Does make you wonder about potential criminal sanctions going forwards.