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Not sure how the sp ended up at 22.30 but im not complaining, unless its a mistake...
I think theres strong support at 10p so we shpulsnt go below. Im not sure the price of gold has too drastic an effect on sp otherwise i think wed have seen a steadyish rise. I think the results at the end of february should get more buyers (if they are encouraging that is...)
Numis have changed target to 16p, another optimistic broker rating.
Bit of a retrace at the finish but the daily % rise is encouraging.
I hope you're right! Bad week overall, PAF was the one I was relying on to keep my portfolio on the right course. Would be nice to challenge 11p over the following week.
Hopefully its just a temporary retraction.
This stocks really dropping, but on no news it seems. Any ideas why?
Excellent indeed, let's hope its not a quick jump up and down, like the last time it hit the 20s, and the start of a longer term uptrend.
That would be lovely, but from what I understand in this harsh economic climate, business is business, and nothing is done out of the goodness of one's heart. There will be profitable intent involved, and as long as I am part of that profit I am happy. I wish all the best for my fellow holders but my personal monetary targets are just numbers and nothing else.
They may have not declared intent yet, but it could be that they are taking up a large stake and planting their choice of persons on the BoD before then comitting to make an offer (that will be unopposed). I could be wrong though, I've never been involved with a hostile takeover so I don't know how it works in practice, only in theory. If this isn't the case I'd love to know what Seafox's really plans and intentions are.
Thats what I was thinking.
Its a win win for me to be fair, my ave is 18.3. If it goes down i ave down at support, if it goes up then im happy. Its just this hovering around the same price thats no good to me.
I admire your optimism, and hope you're right but the market hasn't been behaving to any of your predictions so far. I'm personally waiting to see if it dips to 17 again before I buy more, there's consistent support there (IMO).
What is this mysterious 'THAT RNS' you are constantly talking about?
They'd planned it all along, probably even while they exempt Virgin from the 28 day rule or whatever it was. B*stards.
I think the problem is that some vital piece(s) of information has/have been withheld from the shareholders. If we were aware of just how calamitous the credit problems were, as well as the hefty court-based costs (which I only saw any reference to AFTER the offer of 1pps was made), a lot of people would have been more cautious. Unfortunately due to the positive hyping from the CEO about the recovery plan, reducing fleet size and unprofitable routes and all that jazz, everyone was given the sense of a company that had a decent future so the SP climbed and stayed where it felt safe (around the 16p mark). Then she basically turned around and said 'the company is f***ed, its 2 million or bust'. Also the broken record of rising fuel costs, a tough winter for sales and weak pound; we know fuel costs are down, yes they are hedged for the future but beyond that it would be easier sailing (or flying) and the summer is on its way, no doubt people are already booking their tickets. I can't comment on the Brexit uncertainty though, because it is just that, uncertain.
Advfn (and others with substantial losses). The lesson there is risk management. It's easy to throw more and more money at a stock as your confidence grows, but that's the trap. It's never safe to put all your eggs in one basket.
If square one was what it was before the offer, it was 16p a share. I'd happily go back to square one...
Sounds like good news. Let's hope (a) his actions benefit the shareholders, and (b) (if (a) is correct) goes to plan!
Has anybody actually voted on a takeover offer before? How does it work? By phone or online, or do you have to go somewhere in person?