The latest Investing Matters Podcast episode featuring financial educator and author Jared Dillian has been released. Listen here.
Suggest you read past RNS's for the careful wordings. Then tonight in response to the Sky News leak. Could have dismissed it completely but they haven't. Cats appears to be out the bag.
Didn't JJB do a CVA then months later it went under.
Be extremely careful, as choice wording seems to be masking what is actually going on.
"Interpath Advisory is assisting the Board with an initial assessment of certain elements as part of the development of this turnaround plan.
As previously announced on 13 September, the Group continues to assess its ongoing financing requirements, including a possible equity raise, to allow the Company to strengthen its balance sheet. KPMG continues to support the Group on its medium-term funding."
It's great you can buy more back thriller but the Insurance sector seems to be the focus of the latest hit to share prices. Is it Hurricane Ian and the damage it brings with it or is it just market sentiment?
Who knows but whatever it is has spooked the sector this morning.
Never a good sign when they start to sell in any amounts and particularly when they have about 20% remaining to offload should he wish. Is this why GL is undertaking the PR rounds.
Looked very fidgety in front of the camera and a little too much concentration on Queens English accent rather than looking straight into the camera and telling people exactly how it is. Probably due to choosing an outside venue with dog walkers in the background and it being cold outside but he didn't come across as particularly convincing. impression left was those exercising warrants seem to be selling into the present rise.
Must look straight
Its is tracking the oil price and falling with the prospect of more and more tax cuts to stimulate growth and a weakening pound. I also wouldn't be surprised. Tackle high fuel prices and you might impact inflation?
That may be some politicians thinking.
I read over the weekend that the Gold price had reached the lowest point in two years.
Not the best time in the world to be looking to sell all that you had stockpiled.
Why was it not sold several months back when it was hitting highs. Debt pile increasing and the Price of Gold decreasing is not an ideal scenario.
All oil shares are taking a bash today.
Central banks seem to be intent on quelling inflation by raising interest rates and a key component of inflation has been soaring oil prices. It's risk off for the speculators who to a large degree have been influencing the price and an open door for shorters.
All these 0.75% and 0.5% Interest rate rises should be flagging alarm bells.
Can see it going sub 40p myself next week if the present rout sustains itself.
Probably both big sells from earlier today hence they were held back to disclose later.
Will be surprised if it doesn't fall again tomorrow.
Everything seem to be conspiring against them and there are no easy fixes whilst Putin is in the Kremlin.
You would think it should head back to about a 180p level.
All businesses need money coming in through one door to match what is going out through the other. Might see some downgrades emerging off the number crunchers.
Expected more. Got Less.
Not a good update and the difficulties are showing.
Declining gold price and the rouble exchange rate not helping. The gold should have been getting sold when the gold price was over $1800.
5p is my guess.
Why anybody would touch the share until the raise is completed is beyond me.
About 5p for the equity raise from these levels.
TJ should have put his hand in his pocket to support the share price a long time ago having cashed out with a lot of money.
Next up a discounted equity raise and considerable dilution.
They desperately need cash.
Shorters are all over this.
Could it retrace all the way back to the suggested 103p.
Best to sit out and wait for things to happen then pick up a week or two afterwards when things have settled.
Placing rampers are out in force today.
Last cash point was precarious.
Be wary
I'd say it probably began yesterday.
These Protect contracts are great but take out the equipment and staffing costs and how much real profit is left.
How much will this mass screening equipment cost and who will be footing the bill?
You can't blame anyone for taking profits ahead of the Bank Holiday weekend.
Some have doubled their money since the last placing.
Could settle about 1.5p
Hexam it could be argued that todays RNS cleared the air on this big stuff that is coming and with the results due on the 22nd September it is five days outside the normal 1 month closed period prior to results. Has he not done something similar previously?
Where will it rest tomorrow if after todays RNS Mooky is one of those who is selling down his holding in anticipation of any deleveraging?