RE: Corperate Action10 Oct 2022 19:37
Shares last traded on Asset match for 0.03 pence, so the current value is a third of that before the corporate action.
I previously held 3.1 million shares, so if the price would have increased to 1p, they would have been worth £31,000 plus. The price would now have to get to over £100 per share to get the same amount. At pricing the new share at 100p they will stop investment ie people buying, where as while in the pence and below, people may have taken a punt.
Seems to me someone as a plan, now that the airline has survived, the covid crisis and is now making a profit. I expect a forced buy back on the cheap at some stage? Or maybe we are going to get rich on the dividends.