AML8 May 2020 18:47
Fear and panic here spreading faster than Wuhan flu!
Huge debt, giant debt-interest burden, cashflow breakeven is years away, massive share dilution, another £1b placing on the horizon, more dilution, supply chain shortages after lockdown, Bond film delayed, nobody going to the cinema to watch it, crippling F1 costs in a dying sport, UK car sales collapsing -97%, big US market cratering, finance for buyers drying up, unemployment soaring, no hybrid or electric range in a post-petrol world, 7 bankruptcies in 107 years... the drumbeat of problems and threats is growing and relentless.
The close below 46p this week is a very bearish sign. Headed for the 30s as the next stop. Testing the all-time low of 35p. Some observers are forecasting a shareprice as low as 2p before 2021, due to debt, dilution, and outdated fossil cars in an electric world.
Outlook here is bleak.