Member Info for sudnal

Reading through their ASOS and BOOHOO and Debenhams, it appears business as usual for them with Warehouses open albeit with shift patterns being put in with social distancing practised. Think this in my view will continue and once update is provided to the markets this will spike IMO...

BTW, shorts have now increased even further in Premier Oil as per today's notification. 22.1% of shares are on short as per shorttracker, im sure there are more which have not hit the threshold hence not reported.

The problem here i think is the growth multiple. Given recession, growth will reduce and hence P/E ratios will be shrunk much lower, which is what i think is the case.. Anyways fundamentals are strong and this will bounce when the markets start to recover.

THIS ANNOUNCEMENT CONTAINS INSIDE INFORMATION FOR THE PURPOSES OF ARTICLE 7 OF EU REGULATION 596/2014.





17 March 2020



Finablr PLC ("Finablr" or the "Company")



Potential insolvency appointment





Following the announcement on 16 March 2020 with respect to Finablr's present liquidity situation and ongoing discussions with its lending banks, the Board of Finablr has engaged an accounting firm to undertake rapid contingency planning for a potential insolvency appointment with a view to maximizing value in the Group.

Unfortunately, think its game over for PIs and sad to see people lose. This is pretty much a carbon copy of what we have seen at NMC Health, which made me feel suspicious and got out, albeit a big loss.

Having seen the strength on this share today, i believe this will rise up, given the impending decision on SOA tomorrow. I suspect weak PIs are getting flushed out in the process

chancer surely..

Why is BP getting rid of this, because they wanted to get rid of dead wood and end of life assets. There are lots of strands of business growth currently going on in Premier and it would be important to call this one off esp all of this is down to fictional reduction of debts. Secondly I believe there is 1.6 billion worth of edecommissionimg costs that we need to consider as costs that premier oil needs to spend. Shareholders pls unite and show them they can’t go ahead

Not sure how the acquisition can be value accretive esp when there is a massive amount of debt and also the price of oil and therefore the share price had fallen significantly. Hope and pray that this deal is called off by court on 17th if not shareholders reject it. If rights issue is launched it will surely be value destructive for all of the existing shareholders..

Stay well clear and don’t get tempted..the article from Arabian business editor says that there is speculation that money from uae exchange is used to fund NMC so that means possible fraud. Not far from suspension the way I see it as the debts and financial positions indicated were wrong. Also the article says that they are struggling to make payments to people who transacted through uae exchange

Ralph007, Im glad i got out yesterday mate. Good luck with your investment..

The market value surely will be much higher if not for the acquisition in my view

Read the records properly guys overall debt is 2.4 billion dollars. Closing 20 percent of the shorts in circulation I.e 150million shares on average of 30p will add another 45m easily . Do your maths guys

I see that the f**king acquisition of BP assets is a painful and unfortunate decision and they can’t do that esp with 2.4 billion dollars already in debt. Trying to reduce the debt by acquisition is like committing suicide and hence ARCM is short..hope sanity will return and they call of the acquisition of BP assets..if they pull of the acquisition closing shorts themselves which is 20 percent of the shares in circulation will add another 50m GBp min to the market value and probably much more. Hope the BOD uses their brain and calls of this acquisition ewhich I think will make this brand history.. GLA

https://www.reuters.com/article/us-oil-opec-russia-meeting/russias-energy-ministry-calls-meeting-with-oil-companies-on-wednesday-sources-idUSKBN20X19Z

London stock exchange shows as below Last close 110.50 on 05-Mar-2020. So the closing price is £1.105

On the leaderboard again but on the wrong side..

Agreed the question is of trust. But they bought travelex 6 years for ago for £1billion. The market value of the combined Foreign exchange companies now under Finablr stands £488m, which is half of Travelex alone 5 years ago..This should have never come to this position except for the drag points i.e. association with NMC, pledged shares of BR Shetty and Travelex hack issue. Cant see them having the same complex financial arrangements similar to NMC. Selling the business will fetch a much bigger value IMO.

RNS stinks and this is terrible news for LTHs as im averaging down for sometime now.Hoping for some good news this week and next to recover some of the losses..Depending on the share price action tomorrow, i will cut my losses and move on...

Hopefully this should clear the air and a good afternoon is awaited...Dont give up your shareholding on the cheap...

IMO takeover is the worst option, unless at a significant PE multiple. This will re-rate if the results are good and all the allegations from MW report are proven to be incorrect. Have patience and hold..