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Some similarities.
ESL incorrectly reported EBIT which is far major. NMC has draw down issue with an aim to unwound and reconciliation irregularities. NMC suspended the listing to protect the value. I see them different.
Holdings in ESL were taking place even after suspension. Will be interesting to see major holdings here during suspension; good indication of how it will resume.
Absolutely. Note the suspension request was made by NMC itself to protect the value. And I hope it wouldn't be lifted till the mess is cleared and there is some positive outlook.
Need to closely observe the intentions of ii who hold well over 40%.
It is not available to put orders before it opens you moron. It is suspended
Market is not available to trade.
What now!???
SUSPENDED!!
Who's selling this morning?
I am
"with the aim that the relevant balances should be unwound in line with existing terms."
Unsure what the settlement will cost NMC. Half? Quarter? Will take time to process.
Well over 40% shares are held by iis. Their reaction in the morning will determine the SP.
PIs don't have the strength to knock this down by more than 15%. Just pray that no institution offloads tomorrow.
Great to have any accountant on board here.
Thanks KOH
Why? RBS and HSBC reported profits yet their SP continues to go down everyday. MTRO reported massive loss. This will continue to be a loss making bank for years.
There is no bounce here unless TO/JV rumours appear.
Your comment has rattled Sir SR and he is requesting you to elaborate your following comment please:
"R eallyyyyy wanna hear how ENA are closer to the situation, given where half their fookin data comes from in the first instance"
Gents, I'm invested here with an average 320. I've almost written it off and regret not selling at 275 and recently at 238.
These have all the hallmarks of sub 180 when the whole sector is gloomy. It's not the time to buy a bank. Truly controlled by shorts.
This may recover to 300 in a decade or so but doubt it this year.
We are all trapped.
So what's your broker forecast?
Erm...anything between 200 and 1475 but I would go with 500 as it seems safe.
Long or Short? They haven't got a clue. Pathetic.