RE: Exit Strategy (continued)24 Feb 2021 14:58
@radhatgeorge The Total Voting rights for the Company was 1,992,032,634 issued shares in circulation on the 28th Feb 2020. The shares in circulation confirmed on the 29th Jan 2021 RNS confirmed 4,971,476,010. So in the last year there has been 2,979,443,376 New Shares (representing 100% of the total number of New Shares issued) following 2 October 2020 statement. Share price on the 24th Feb was 375p I believe.
Most PIs don't look at the shares in issue to give them a weighted average when looking at historical share prices. So with a doubling of the shares in issue the reality is that most of the recovery in the SP has already taken place. Perhaps 10p more max but difficult to see 200p being broken until all quarantine measures rolled out in EU and US. With the grim 500k US death milestones reached this week in the US it has to be expected that US travel will not recover till Q2 '22. So with the pension shortfall to clear up you are looking at a long haul back to past 'unweighted' sp levels.