Why panic sell2 Apr 2015 09:50
I agree that the RNS is not quite as bad as it looks at first sight.
I am holding, and possibly topping up, but I do find it totally implausible that Cairn have only now discovered that the company is too small to deal with.
Presumably no skeletons have been uncovered in the Due Diligence, or they would have resigned immediately.
Ivan Couchman has a good record of turning round companies but his premature announcement of income before it was in the bank may show that he is not on top if this particular sector. I hope not - interesting times for INC