RE: Fear18 Oct 2023 16:43
Markets are at least 12 months forward thinking. If selling the NA business is so good in terms of value etc as most on this board keep saying then why are the shares dropping to new lows. Today we touched the 50s again and it pains me to say it but we have all got this wrong. The company is in very serious trouble. Ask yourselves why has no one launched a hostile takeover ?? There is not even the slightest glimpse of any rumours of a takeover bid. This definitely smells like cineworld or something very close. Yes they had a mountain of debt and were never going to survive but were heading the same way, especially if we start to lose contracts as we are not even turning over a profit .
Regarding the shorts positions I cannot seem to see any new positions started as they always seem to know if a big drop is on the way...
What are everyone's views on that. Seems like 60p might be a good time to get out. Who's holding to the death ?