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Rampers and de-rampers are back in force. I think I'm going to miss this being suspended. LOL.
And up for the close, it would seem. Happy to take that.
Or rather, we WERE holding onto £7. That aged badly.
Frothy markets of yesterday all but gone, but we are holding onto 700p
Like a lot of us, I would have preferred to see Bob remain in the drivers seat. Choice of new CEO will be key. Despite all Minto's dodgy dealing, I still have to admit he was charismatic and an excellent cheer leader for the company with a lot of industry experience behind him.
I agree PhatJ and I have the same fear of losses. Breaking even when we were reinstated was nice, but less pleasant to see it sliding into loss in my portfolio now. I think a lot of us thought we'd see a larger leg up over the past month. I suppose the macro picture is against us and we need those hard numbers to prove this business is still a strong contender after all the negative press due to the infighting with Boo.
When people start talking about buy out offers on the LSE boards its a sure sign people are getting desperate and grasping at straws. Had to suffer that nonsense over at ASOS (Mike Ashley is coming! LOL). Patience needed here. The market will want to see good results before for a rise here, and I say that as a holder since well before suspension. Company remains solid and this will eventually filter through to the SP.
I was kinda afraid of this.
I noted the same Pooks. #Facepalm#
Interim results need to be good.
Apologies Silverlight, I was not implying that you were framing things in that way, more that the wider discussion / fear had been that boo would perhaps act in a value destructive way to 'steal' the company out from under shareholders. As I said, I think this risk has now passed, and you are right to point out they are edging every closer to the level whereby they'd have to make an offer. I honestly don't know what their long term play is.
Do we suspect this will trade sideways until we get results in August?
Looks like we'll test £7 today.
Surely RevB remain in full control of their own Comms / Messaging, even with an element of Boohoo on the board. Now that we have the agreement I think they'd ideally want the company to do as well as possible. That may be naïve on my part, but I'm now less inclined to believe the 'boohoo want to destroy us' angle.
Agree. This was far less dramatic than I expected too. Patience required. Market perhaps wants to see some solid results after the last year of drama and disruption. Happy to hold.
Well, I waited through suspension, I'm sure I can wait some more for this to recover. GLA.
I find it hard to read what the market makes of the news. We up, but it's far more muted than I expected.
Agree. Boo have largely got the result they wanted, but via a far more controlled and less destructive path. This is a win win for everyone. RevB is far from a Boohoo puppet.
Mixed feelings on the RNS, but I think the key thing is we are through the period of uncertainty and the risky scenario of Boohoo putting the business into admin via nefarious means (that one never quite washed with me as a possibility). New CEO needs to happen sharpish. Looking forward to results and the future.
i am waiting on interim results, then i'm out i think... i am hoping for a move upwards but sick of waiting for them to get their **** together. very much done with this an will put money to work elsewhere.
With inflating easing a bit in the USA, I think there is the sense that appetite is slowly returning but still with plenty of caution. I remain hopeful my gradual buying of SMT at these levels will pay off long term.
Same here. The waiting game continues.