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Just need to take a look at KCT today. Perfectly good company. Long established. Smathered down over last few months on a reduced profit expectation RNS. Right back up again. That one was hit far harder than MCG. Similar will happen on this share. This is the time to get them on the cheap!
Personally i believe this is being manipulated down in a negative climate to scare the weak sellers & at some point which i think is not far off this will bounce hard when the manipulators decide they've gone far enough. Just my view but that is it 7 i'll continue buying if this goes below 80p! Seen all this stupidity on many shares in the past!
RRs RI was because the company was skint due to orders not coming in & no plane revenue because of covid. Much the same Cine had no money due to no cinemas due to covid. NEX also did a placing in 2020 as a precaution due to coaches at a standstill!
Manx, explain why a RI is need here? the debt is serviced & they have cash in the bank & a large untouched RCF. This is panic sell speak. so just panic sell & move on. Save money on the toilet paper!