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Sensible answer, but for the short term holders expect this to be a volatile roller coaster of a ride, could go up,likely to go down further, and if price drops further more volatility from relegation to FTSE 250 and CCC credit downgrade
Well as every drop in pence occurs i am rethinking that....
GAZK is right in sense that Hopium is in our minds
Realistically, the company has damaged relations with existing investors who alot of them are at losses of 50-75 percent, the reality is SP so low makes sense to do RI
Casa, the interesting fact is if it keeps dropping do would you really want to invest in a company that has lost value by 90 percent.
I know from trends in other companies once its at that low.point, there is every possibility of CVA and filing for bankruptcy to ressuruct as new company and holdings
Hey im not one of those people , i sold RR around 900 pence before crisis, and bought in much lower so have been invested in long term, All I say is
Any new investors should be wary if they expecting a quick rise.
Me the only thing i did not envisage was they would get to the FTSE 250 league this week, and bad management and advise from JP morgan, and others
What i can see is they have no regard for existing investors which for me makes me wary about them in this cycle.
Its obvious the SP tanking and media releases are connected to engineer a lower SP peice to make a RI more attractive , however the IAG debacle means the RI and SP still tanks beyond RIGHTS ISSUE
The RI for IAG has been tanking after the price adjustments , so this raises my issue
will a RR rights issue really save the RR SP
I am thinking short term no way and possibly a very long term recovery !