RE: FDA30 Mar 2023 11:59
morning bignose and bothwell. no,certainly hasn't gone down well(although i agree with you bignose that it will pick up in due course}. i must confess to being quite puzzled at the negative reaction.of course,one needs to bear in mind that erp is pretty illiquid and the s/p responds quite violently to quite small value trading.even though today's volume is much higher than usual,the actual value traded is very small and in other companies wouldn't warrant an 18% fall.im puzzled because on the face of it i can't see anything in yesterday's news(at least in the results aspect) to give rise to fresh negative sentiment at this point.i can accept that the results underline the shaky nature of the business,but this has been apparent for a long time now.shareholders have already paid the price of recapitalisation through the concomitant dilution and if anything the results narrative gives a slightly more positive feel to the position.the FDA position does seem to have moved on a notch and china seems well on track,so nothing specific there to change investor perception. perhaps it is a knee jerk reaction to the ludicrous(it can be regarded as nothing less,imo)decision to go back to the old name.endurance was obviously a ridiculous choice in the first place,but why go back to regent,a name which conveys absolutely nothing to anyone.if you are going to change,surely they could come up with something more suitable for the modern era than regent.anyway,if it wasn't the results,perhaps it's worry over the capital reduction.i must be missing something,as at the moment i can't see it as a negative,but im no expert in these areas.i agree bignose,that investors may be worried that further dilution is in the offing,but as they state they have enough funds for immediate needs,i don't see that as a trigger at this point.as i say i expect i am missing some fundamental point.more thought needed on my part i think.