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If they refuse to pay out they end up paying money anyway if it is taken to the FOS for them to review it. £500 quid per dispute if I'm not mistaken. It makes sense to pay some of the lower value claims regardless to avoid this. That I think if I am not mistaken that is why they pay the claims. It is more cost effective. The customer has nothing to lose and will do it anyway.
I would expect them to challenge higher value claims and I hope they are.
I am holding these shares so not a deramp I just wanted to point this out.
I bought in at 17.5 and sitting on a very large loss.
I have decided to go the diy shop and buy some paint and new flooring. I'm gonna sink right into my diy project so I don't feel the urge to watch the SP for a while and hopefully when I'm finished I'll switch on and all will be back to where it was.
GLA
Unfortunately Sam Chambers in the Sunday Times cited loss estimates of 25.8 million this year followed by further losses next year.
It's the firm's exposure to department stores and city centres that are to blame.
So quite annoying and I think there are many now questioning a turn around. So annoying as the online business is doing quite well I would imagine.
Just unlucky with this really. Hopefully results will be accompanied with some positivity to get the SP going again
The number of posts on here today speaks for it self. Big interest here and I think it will appeal to speculative high risk buyers over the coming days. The extension is the biggest bit of news. It gives the company time which is crucially what it needs. That is why I don't think it would fall a massive amount if JB doesn't end up stearing the ship. Maybe 12 to 13 p with slower rebuild from there.
It is doing it's darndest to build cash and whilst it is still a massive high risk play. Recovery is on possibly and that comes with multi bagging potential. 50 p is not unrealistic within a week or two which is about 5 times lower than it's placing price.
I'm gonna bite my nails in my sleep I think. There is very wide range in SP over the next week.
GLA
Chippy I hope you make your money back at the high levels you paid many months ago. Good luck. It could happen... You never know. At least you will get some value paid back to you at the very least. It seems to be on a better path now
I don't think people sell out on Friday. The weekend is when traders and long term holders research. If you are confident in your position you stay in. I would never be out on a weekend unless there was risk of negative press from Sunday papers
I am back in this now. Just got very ridiculously low again considering the biz holds half of the MCAP in cash. I get it some of it is probably deferred rent and money raised from discounted selling but really all things considered ... This is low. This is a business with massive scale and an online presence.
I hoping when results come they will prepel this to 2.30 which is my target price.
Good luck all
Exactly so there we have it. I am glad you said that. We have a bunch of people on here that want the SP to get to 4 p so they load up on them.
I would surprised if that happens.
Here is how I see it going... Which is a bit of fantasy ... But you never know as I did buy in quite late in the day today.
So Triller becomes default social media of choice taking place of tick tock... Once they sort out the things they are receiving feedback on on play.com reviews right... Then Triller become super big and then instead of renewing 7 digital contract they just take them over for mega money.