Morrisons can take control of half the shops and half the debt in the blink of an eye that still values mccolls at say 20/30million. its no big deal. today everyone is feeling the bounce at grass roots people are buying again. the banks will be insane to send this under at a growth point. there is nothing to be made by asset tripping. the money here is a genuine recovery and only needs a hand holding to get back to profit
this is nothing like debenhams, ashley bought in to get control and drive it down while his mates unofficially sold it short in order to give ashley his controlling stake back to help him with eventually taking it private. Mccolls is simply suffering from mediocre management during a pandemic that now has everything to give and live for
by that evaluation how are we to trust anyone ever again lets all hide under the duvet. bribery is part of life just have to do it better so that it doesn’t look like bribery. onwards and upwards
yes all civil service is incompetent but post nonsense about going to the wall as projects are being announced and the CEO is confident about resolution like i just don’t get your logic are you friends with halfpenny
yes pokerchips, good summary of short positions, i’m sure any larger holdering will let a third party churn away, seems counter intuitive but it must be something like you describe.