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Paddy, you keep telling me you’ve filtered me, and then breaking cover by responding to my posts. Truth is you’ll never filter me because everything I’ve said has been right.
Being as you’re the only bullish one on here, why don’t you tell everyone why this is a good investment, based on fundamentals and not past performance. You can’t. You always deflect on to something else like asos or abruptly tell people to sell.
To balance Paddy’s argument, a tune that he’s been playing since around 130, had people done what I did and sold back then, they would’ve saved themselves a lot of money.
Should they sell now, they would still save a lot of money imo. If there’s a reason for worm turn, then sure buy back in, but who want to be in a share that reaches new lows every day?
Moonman, of course others can do as they like, doesn’t matter to me either way, but people shouldn’t be blinkered by people saying it’s cheap etc when they have no foundations to back up such statements.
I have taken a battering from many forum members for saying it’s overpriced when you look purely at book value and ROA, when everyone else is just fixated on previous share prices. And it turns out I was right all along, so it may just have saved a few peoples pension pots/savings.
Why don’t they just come out and so “no rights issue is happening” like CCL did?
The silence is deafening.
It seems to me, the only changed the name of the holding company to Mobico so they could off load the national express brand to pay down debt, but it seems nobody is putting a bid in!
Plastered,
You obviously haven’t been investing in shares for long. Being in a share when a rights issue is announced is NEVER a good thing. The SP almost always drops to the RI price which is usually well below the current SP.
Moonman, if they did a CCL and announced no rights issue is on the cards, the SP would double within a month.
Without such announcement, I think the bottom will be 30-40p. This company has so much debt, it’s effectively owned by (and at the mercy of) the creditors.