I think if it wasn't the buyback + they kept the div then the SP would of dropped massively today. But they are just distractions trying to keep the investors from selling. Much better opportunties in the USA and China right now
I was hoping today's results would be better. Also yesterday's inflation data didn't look good. I'm selling down most of my UK holdings in the coming weeks.
I wonder why the market would think they would still make another bid after 2 bids already turned down. Isn't there a gap time (6-12 months) before they can make another bid?
The results were ok, not as good as some thinks here. The sector trend is down and no one really knows if it will come back. Index funds and DIY apps like Trading212 are the future.
I must admit it was big mistake of mine buying this in the first place.
Lombard Odier, the company's largest shareholder, which has offered to lend up to Β£15 million via a convertible loan note with a conversion price of 15p per share, versus the last close price of 10.68p.