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To hit that price it needs news or more people piling in to make money. Two institutions have gone and the volume has been huge. The largest shareholder haywain controls the destiny of Morse
Some people post every trade on bulletin boards I do not. I sold my original morse holding months ago and only bought again on Thursday. I sold more than half Thursday and my biggest worry is administration.
I bought shares in Angle Nano Iog all last week and have not put my purchases on any bulletin board. My only argument was against individual posters ramping like hell and giving zero information on the companies predicament. Exactly like how high can this go next week implying they actually know sweet f a about the share. I could not care less if you believe me or not.
I have always said it is heads or tales. I bought loads at £0.003 and sold quite a few. If they sort everything out get the SOA away and don’t raise until 2024 they will have time to demonstrate the business can make money the share price will rise and they will not have to raise new capital at a low share price. To build this business would cost millions so business would be worth say £30 million and raise £20 million the business going forward making £10 to 30 million a year with no complaints in 5 years time it would be a valuable business. That is the good outcome I hope for
They don’t have long term as they have suspended complaints on the 11th August 2022. The complaints are still building up as the claims companies have them in their systems sights. First they have to get the Scheme Of Arrangement accepted and then they have to raise £20 million in 2024. If the SOA is sorted it will help but all those new shareholders will not commit to 20 new shares for every one they hold. They have paid out £15 million in complaints this year and still have many thousands on hold.
Institutions are selling out and PI won’t contribute to a rescue rights issue. I suggest you do a bit of research over the weekend
Testing should be finished hopefully. We will soon find out
This one was down to the compensation claims. I deal with the sector (fca) and could see the claims building. All the other players affected shut down the affected sector (provident non standard finance ) straightaway as they would have took the whole company (nsf almost dead).
Mcl and Amigo tried to keep lending by doing SOA. Amigo might survive with a big cash injection. I personally think Morse have left it too late (I have a free carry). They still have a strong balance sheet but paying £20 million compensation they have to raise will dilute current shareholders. Going private means the large shareholder who floated it can do what they like.
If they had shut Home Credit and went online only they would still be viable. Their customers will be hit the hardest by the cost of living crisis as well
4 recent RNS say if things don’t go their way they go into Administration and I am a paid deramper ffs
You are a ramping idiot. You have no knowledge just sucking in punters for your own ends. Can you guarantee Morse will prosper going forward. No you can’t. can this go into administration if things don’t go it way yes it can. So do one idiot
I lost no money on this share. I have 600k free carry but I know it is heads or tails with this share
Doh institutions who agreed to the vote are selling. Are you that stupid
A lot of sells in the last hour especially if they are in profit
They may not move now, please keep up. Two institutional shareholders sold out and 90 million traded so far today. Now work out what happens as they can’t raise money on aim
Why would large holders sell lol. There is a £40 million complaint liability on the balance sheet and they don’t have the money.
Because I have followed this share for a year. I fully know the predicament they are in. I know the assets they have run into millions but also the liabilities (complaints compensation are £40 million). I know they need a SOA to be accepted by the FCA and are similar to Amigo but they are still lending. And lastly I go where I want not you
Two institutions have sold out completely, they paid a lot higher. Maybe they will go into administration or maybe receive a takeover. Loads of risks but if you have a free carry no worries for you.
Bostik they have said they will pay £20 million in compensation to compensate previous customers. They are currently valued at £2 million. Who is going to subscribe for those shares? Admittedly they can put the raise off for a while.
You could get lucky and a takeover be announced
All the institutions selling out. Yes that means the shares should rocket lol. You need the large shareholder to buy you out.
You don’t have 8 million.
They only canvassed institutions for the vote. Smaller shareholders may not mind going private. If you take the compensation claims into account they do not really have any net assets