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I’ll be back in 6 months even if by some miracle, it’s to hang my head in shame. For the investors sake I hope that’s the case.
I may have a punt around the 10p mark, on the off chance it can somehow be revived or get a buy out offer, but until then GLA.
Can we not have a balanced discussion? I like shares that have dropped a lot. My research of the balance sheet shows the equity is negative, thus the company is worthless. Just wondered if anyone on here had anything constructive to add since the balance sheet was produced. It seems not.
Dippy.
I think c26 has a pretty good idea. Can’t really compare with Aston martin, that only came back from the dead due to its brand heritage. Look what happened to national express, same sector, but the market cap has been driven down to less than half TUI, yet has a lot higher book value, more profitable, and pays a dividend.
Absolutely baffles me that even after TUI’s massive drop, their market cap is still 2.3x ours, yet it has about 5x our debt levels, and negative equity on the balance sheet, and is operating at a loss.
Tell me what I’m missing folks, I’m all ears…
The writings on the wall here (or should I say the accounts/balance sheet?)
The book value is negative, the creditors effectively own what’s left of the business & it can’t keep losing money it doesn’t have.
This is fact, not hearsay.
Grey monk, is the balance sheet and income statement not in the red? How long can a company sustain losses with negative equity on the balance sheet? Give me some facts to back up that I’m talking nonsense.
That floor lasted about 10 minutes when the driver strike had just started and all hell was breaking loose with the brummies.
Nothing new here tbh. This stock has more than priced in any economic headwinds anyway.
Have you sold out Paddy?
On 15 May, £30m will be paid out in dividends, which is about 40x the value of the current daily trading volumes.
With no better pace to put it, watch what happens to the SP :)