Member Info for sudnal

I hope you're right latpulldown, but general market sentiment will be weak atleast tomorrow with the announcement of the lockdown news. US elections with decisive majority majority for either would lift the sentiment and subsequently the news of the vaccine. Other observation i've had is that shorters have taken or increased their positions when the share price was at 3-3.25 range which caused the share price to fall so they sense some weakness in the business in that valuation range.

Although this is true latpulldown in terms of market focus, i dont think NETW will be immune to a general market sell off. But agree the downside here could be limited compared to other stocks in hospitality, aviation, travel and tourism sectors. Anyways, this share has been in the oversold territory already.

I honestly fear that this will become a similar story to Capita. Capita appeared undervalued right from £8, sold numerous parts of the business blown away £2bn through disposals and rights issues and we are now back to debt levels of £1bn over there with share price languishing at 24p with no free cash flow. Have looked at the board of directors page on Micro focus website and it doesn't instill a lot of confidence to be honest. Will ponder over the weekend and will make a call to on whether swallow the bitter pill. 35% down at present and no respite appears in sight. The fact of the matter is that they swallowed too big an acquisition and unable to digest over 5 years, leaving them with a mountain of debt to pay and still the business is not successfully integrated.

Looks like our BOD are in deep slumber. I hope this company remains existential and therefore the shareholder value before they decide to act, communicate and do something?

New to this board, but have followed RR for sometime. Just an observation, i have found JP Morgan analyst's assessment on the money thus far. When the share price was lingering around 230P, they predicted that the target price would be 80p which made everyone laugh, but we got there. Yesterday with the price around 80P they analysed and predicted that it would get to 30p, which makes me cautious. Also, some comments that this rights issue alone will not be enough and we might need another one few months down the line makes me nervous. Will wait for lower levels before getting in. Vaccine i think will be the only hope that will drive this up as the sentiment in general towards the aviation industry is extremely negative at the moment as everyone knows.

Is there no end in sight for the share price to stop drifting down? Its a pathetic investment that i've made.

Let the markets decide the value of the company and therefore its share price. I will keep adding on any weakness as ive done today as i think this company is very undervalued right now.

Im not short but neutral on this share, but i will put my money on a rights issue to reduce the debt levels, if the sale of ESS doesnt go through. I am definitely not sure where roughly £3bn they have raised in the last 3 years through various disposals and rights issue of £700mn has vanished leaving the investors royally shafted.

The problem here now is the material uncertainty imo for the business as was questioned in one of the analysts in conference call. If the sale doesn’t go through or goes at a much lower price it inevitably causes issues to the balance sheet that is already heavily loaded with debt.

Is there a link to this?

It's weird that a shard like GGP has a market value close to £1 billion still no revenues is treated a star whilst a production cut here owing to a temporary problem is reacted so badly by the market. Frankly this market is being overly ridiculous at times and no rationale.

Does anybody think that Muddy Waters attack brought about a positive change in the way this organisation is run? I feel for LTHs who brought at much higher levels and had to endure the pain for long, but definitely this is now a much improved organisation in terms of management, governance, disclosures and dual listing with their market leading position in litigation finance.

They say that the results doesn't include Petersen proceeds, which i think is generally positive and demonstrates their portfolio strength.

Sorry I meant to say US Airline shares

Most airline shares have risen on Friday and they are showing positive after hours. Also looks like the coronavirus relief package talks are ongoing in US between Democrats and Republicans with a view to getting the agreed this week. Ignore the derampers they’ve spent all their time deramping across a number of airline share boards.

Read this article in CNBC: Pelosi believes coronavirus relief deal still possible as Democrats prepare new package

Is my thinking right that anyone who brought pre RI (£2)and taken the rights issue (at 88p) would roughly have an average of £1.32. That actually means they are already 28.5% down after taking the RI. This company will survive given their strong balance sheet now with the rights issue completed. Easyjet struggling will be blessing in disguise as that essentially means more business for IAG, Jet2, Wizzair or Ryanair. US Travel / Airline shares have all risen on Friday and i would not be suprised to see this rise as well. Not too long ago and time will tell.

Also there is a stimulus package being put forward by democrats in US with airlines getting a part of it. Let's hope all of these help.

News of vaccine is not far and whoever holds/buys from this position will hit gold later this year/early next year. Once news is out, this share will have the legs to outperform the market compared to any other share, given their better financial position after the rights issue. Daily fluctuations will always be there, its better to turn off your computer and check on a monthly basis.

Think it is a good thing for WMH to receive other offers as that will certainly help RANK share prices to drive higher. Any other opinions.

Shorts have confidently increased again this week even at these very low prices, they sense some weaknesses IMO.