Member Info for Thunder2040

As if you would be bailing if there was good news on the horizon, must have got wind about a placing or similar.

Nice ramp...the speed at which it recovers vs other sectors is a key attraction.

'Furthermore, each additional month of shop closures will now lead to a reduced EBITDA impact of £12m to £15m, assuming the continuation of Government support for furloughed workers, approximately half of the initial estimate of £25m to £30m.'

Basically can wait this out a long timr at 15m cashburn a month.

Good news on US as expansion intact and soon launching online casino which will be a game changer out there.

Looked like shorts covering into close to me ahead of trading update, hope its got some positives!

Also if you go read the Citigroup broker note from Jan and look at how robust the Ferrari share price has been...you will start to understand that this is a cash issue...nothing else.

Shorts would not have closed so rapidly in April/ early May if they thought this price was still too high..

I was not planning on buying this until it dropped today and got tempted, I for one saw today as the value tipping point. Price drop into close was filling a worked sell that got filled I noticed at 31.96, tomorrow may well see a resumption of sells which I can only presume like others have said is people selling rights issue shares acquired at 30p. The massive short spike in April coincided with the rather strange price increase on announcement of the financing - expect there are still some positions short below the 0.5%.

As for today's update, the lack of cancellations was key for me. This is a premium brand, which generally act differently in recessions to normal lower price bracket players. They need to get the production going to deliver in Summer, they said they are on course to do this, which is a must for cash. I think from the call there is some further financing in the pipeline and I suspect it will be a placing to a II or some convertible loan notes.

Its not a buy, anyone got L2. Someone must be dumping 000's at 14p to hold this down.

What is happening at 14p - seems to just be gated at that level at the moment

They already are, price is stuck at 14p

Its Saudi that are screwed. Simple matter is they need $80 and Russian and Shale need far less. This strategy from Saudi is insane IMO.

Big players are at the front of the queue when the $ get handed out, now people don't see them going bust, they are piling in.

Motchjv. I don't think anyone here is not saddened by the loss of our loved ones and fellow citizens to this awful virus..however I will always welcome positive news. Its a hope more than a reality yes, but hope is all we have sometimes. Strong mental health and unbreakable spirit help us all get through this.

Kirk: How much refit time before we can take her out again?
Scotty: Eight weeks, sir. But ye don't have eight weeks, so I'll do it for ye in two.
Kirk: Mr. Scott. Have you always multiplied your repair estimates by a factor of four?
Scotty: Certainly, sir. How else can I keep my reputation as a miracle worker?
Kirk: [over the intercom] Your reputation is secure, Scotty.

Sound familiar?

Just have faith, unless you are short, then of course cheer on the end of time like there is no tomorrow.

There is time for Tullow to pull through, its just an anxious period. Goodluck

The new coronavirus may already have infected far more people in the UK than scientists had previously estimated — perhaps as much as half the population — according to modelling by researchers at the University of Oxford.

If the results are confirmed, they imply that fewer than one in a thousand of those infected with Covid-19 become ill enough to need hospital treatment, said Sunetra Gupta, professor of theoretical epidemiology, who led the study. The vast majority develop very mild symptoms or none at all.

You really need to have more faith.

Key point you are missing is China is back online, and other countries have been able to arrest the spread. Lockdown works. So the scenario of no end in sight is just not there anymore, which generates hope. Additionally rhetoric re increasing oil production has dried up the last few days and pumping 2 trillion into the economy whichever way you look at it will provide a bounce , say what you want but I would currently place about 5% chance of the close being red tonight.

Agree Oxygen, everyone new the pub closure was coming. Long term you will be fine holding this, wetherspoons isn't going anywhere, but there will be a cheaper entry on Monday for sure

Opened long 106.2 haha

130p