Pokerchipz I like you so im only going to tell you. 144.44 held really strong. Take that as you may. It obviously wont survive a 500 point ftse fall but if ftse settles we may have reached a triple bottom
1 month ago we were sitting at 168p. Now we sit on 144p. In another month we could well be sat on 168p again. Once results are out. Eu agree to takeover.
Remember on convertible bonds they dont make much interest so they smash equity. I looked at feb 2016 before investing here and thought they couldn't do much damage. Im guessing they want to make something on the 2016 and now the 2018 ones. Rejoice once they're done youl see 200p.
Pure manipulation started as soon as they mentioned convertible bonds in the results. After results went down kept going down. They have bonds for 3 yrs. I can put my life on it in 3 years this will be way above their conversion price.
Keep an eye on who takes the 3 billion convertible bonds then we will know who is powerful enough to manipulate a ftse 100 top dog. I've seen this many times in companies just didn't think they could do it to a ftse behemoth. The word convertible gets mention you RUN. Until they're done.
They drop the share price. They work by chippin it away bit by bit. Then they let the market do the rest. They is whoever is buying these convertible bonds. Then say they get them at 140p equity conversion price 160p but share price is nearer 200p whoop whoop quids in. Now imagine share price was 220p conversion 240p. Whats the chances they would get above 240p. Zilch. So its a manipulated drop making us all feel that yes its a trap voda is in trouble. Watch how it suddenly starts recovery ONCE them bonds are done.
Voda is raising 3 billion in convertible bonds. They needed a lower price so they make money on the conversion in 3 years.... they do the same Every where there is convertible bonds being raised. Bloody get em over and done with reed!