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It doesn't mean it will go up another 289% in the next 3 month. I can see it's been struggling last two days but mm Tring to push up without any significant purchase. Does this mean now we need wait for the real news before buyer #return?
The whole thing centred around QE. FED and other central banks were flooding World with lots of free money and kept interest rate to zero. SVB is not a typical bank All startups raise billions from private investers and deposit in SVB. As SVB is not a retail bank it doesn't lend money to public. So they parked all the deposits in US treasury which normally safe bit. Then two events coincided. FED raising interest rate fast and the startup were have hard times as with all reck stocks. So they started withdrawing money fast. If you ever deal with bods, which moves inversely to rates. At the interest rate raise, value of the bonds fall. As you sell them to the startups you loose money. Once the word is out, everyone want to take their money and bank keep selling bonds and loose more money and becomes insolvent
https://www.cnbc.com/2023/03/09/chinas-shein-set-to-raise-2-billion-in-new-funding-round-reuters.html
There trying for an ipo in US. Also want expand globally. How will this affect the Boohoo's plans?
GoCPI - The reported revenue and profit before tax of the combined businesses for the year to 31 December 2022 were £78m and £10m respectively and gross assets were £35m at 31 December 2022.
So selling for £17m make sense for you. It's value is £35m a Dec 22. and made £10m to bottom line; you think its good news. I sold mine here.
I think the main fear is that TUI need to raise cash to pay back the cheep loan it got from German government and this would dilute the so. So people are taking money off the table as their will be more shares and that would reduce the so further. Company think it might not affect the physio of the investors. Until we know how much dilution going to be, so is heading down slowly as fear factor get more and more.