Member Info for TimmyTradeface

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?

Would that be a good thing? I suppose he can't do a worse job than the current lot...

Well at least somewhere remotely closer to the asset value. One slot sold for 4 million, double the offer for the whole business. Surely the takeover company will just sell another asset and theyve made a return straight away.

Adayinthelife - Basically you bought your shares from the market makers and they have no obligation to refund you. That's where your money went. When you buy a pint of beer from a pub and drunkenly spill it all over the floor, the pub still has your money (not that that has ever happened to me).

The ??s were a christmas tree emoji

He posted on Christmas Day 'Happy Christmas ??to all the honourable People in life.
Let’s keep fighting against the Evil that try to destroy the good we have created. Merry Christmas??& Happy New Year thanks for your support. 2019 will be a big surprise for wrongful behaviour.
Best Wishes Andrew'

Not sure that alludes to this situation in any way. Might do, who knows?

Does seem odd the reccomend an offer then sell an asset for cash thats double the price of the offer. Will be intersting to see what happens next in this carnival...

I'm surprised it crawled up to 4. It's some degree of damage mitigation for those that didnt panic sell at the start of the day. I'm still holding though, masochistic curiosity.

Wonder what our Keith thinks about all this, as well as other majors. It would be nice to get an opinion from one of the big players regarding how they see things going forward.