Member Info for shamI89

Reports regarding meeting with sovereign wealth funds were true and if they are trying to raise 2.5 billions then has to be via rights issue.A rights issue around 100.

Dont think there is any point in buying until any uncertainty regarding rights issue and its price is removed.Company has not told us what sort of "options" it is looking at.Check International consolidated Airlines and they released similar statements before informing market that they have raised 2.5 billions via issuing rights at 60% discount.

Think it hit 242 and then went on to hit 360/370 then.But at that time it was anticipated that a vaccine would be out by August/september and most of countries were lifting lockdowns.A lot has changed since then.

Market tends to be right in amost all of cases and if share price keeps on falling for no reason then look for something that management is hiding . Rights issue talks surfaced in July company issued an Rns to deny this and said no decision has been taken .Go through last RNS and company has admitted that it held talks with sovereign weath management funds to raise 2.5 billions. Would you lend 2.5 billions to a company who is struggling and not making any profit and has a bleak future ahead for at least one year?The answer is no, as these fund managers would want to protect their capital and get a decent return on it.So if lending is out of question whatelse options company has to raise 2.5 billions?Yes, you have guessed it right , through rights issue.

Exactly John, I am amazed at this idiotic judgement that negative comments by "certain individuals" are driving the price down.Company has confirmed a rights issue through last statement and we will soon find out.

Are you for real?How can somebody talk down share price of a 2.5 billion mc company?

Let these guy believe whatever they want to believe , last week some people were saying same stuff around 200 to make quick 5/10% and all of them have since sold at a loss and moved on.In my opinion a rights issue is imminent and price would be around 100.

Nothing is too big to fail in this market but lets see, we only have two viable options right now rights issue and government bail out.

127 would a really good price, but look at other rights issues across the market and 50%/60% discount seems to be a norm.

They should announce a price at which rights would be issued at and end this misery .Market hates uncertainty and leaving it to market can be really dangerous .Right time would have been around June/July in my opinion , when share price was around 300/350

Not really , it was more like a statement to calm investor's nerves down to put a stop to ongoing sell off.Reuters reported in July that company is in discussions with banks to raise 2.5 billions through rights issue .Who leaked that info to Reuters? Share price has been falling since, I assumed that company would announce this in its August update.

Rights issue is a certainty and although banks lending these guys some money would be a bettet option for shareholders.Company would have explored all options.

My guess is around 100 but where would company get the money from to buy back these shares when it is struggling to survive?

and at what price these lot carry that out at.Right now there is no point in buying this and you could be sitting at 50% loss tomorrow.Post rights issue, share price would adjust itself accordingly and we may have a chance to get in plus or minus 10% of rights issue price.My guess is that it is around 100.

Price at which rights were issued at?

Rights issue and right now there is no point in staying in as any rights issue has to be done at a discount otherwise nobody would want them.Anybody who wants to get in should wait until refinancing is sorted and then take a position.

Market was expecting Russian approval for this drug, company has not said anything about time frame so may be there is slight delay or it could land at anytime.Without that news I dont see anything moving this price up and down.

Share price, low can get lower.I was bullish after their update on 28 as I thought rights issue would be announced in that update and that did not happen.Statement on 16 did imply that they are looking at different "options" and when that happens it does not tend to bode well for shareholders. Go through international consolidation Airlines's RNS and you will see a striking similarity between that and this company.I am 90% sure that a rights issue would be announced and share price would just accordingly.All this talk of Engines, contracts and RD is useless if company is not making any money.

I am surprised that an experienced investor like you would believe every word a bod has to say , but I guess that statement on 16 indicated that company is looking at different options .

It has to be at a big discount to attract investors, one more thing Reuters reported that International consolidated and Rolls Royce are looking to raise money via rights issue, both of these companies issued similar statements, then Iag announced that it is looking to raise 2.5 billions via rights issue and released an Rns to update the market.Rolls Royce may have to do that and probabbly Rns on 16 was an opaque statement to prepare market for that .Right now it is pointless jumping in for quick trade to make some quick money when you stand a good of being diluted via Rights issue.