That explains why it didn't rise as much as we thought it should and then fell the past couple of days. They have been selling what they had into any rises.
I'm smart enough to know that you can't compare share prices in companies without looking at the amount of shares in issue which is more than I can say for you.
They dropped from 14 pounds and they have had a relatively little rise to under 3 pounds. They have cash in the bank of more than 16 million and no debt but you think they should be valued at 10p which would value the company at 16 times less than cash in the bank you need to put the rise into perspective they have been punished and this rise still only gets them to a fraction of what they were before. Comparing them to royal mail based on share price is just silly. They have sorted the accounting errors and are trying to get back to profit. I think royal mail is undervalued but at 10p for yu group is just absolutely crazy.
Ive just had to put someone straight on the royal mail board comparing royal mail's share price to yu group saying how can ours be higher than a company like royal mail. I told them how stupid that was to say as share price is irrelevant its the overall value of the company. People like this are investing in the stock market its really scary.
That's absolutely a ridiculous thing to say. You don't look at the share price you look at the company value. The share price is irrelevant. Royal mail is worth billions whereas yu group is in the tens of millions. Yu group have more than 1 pound per share in cash alone. Royal mail is undervalued but comparing it to a company like yu group is so silly. I'm worried for you dealing in the stock market with thinking like that.
I remember certain people on this board de ramping and spreading false information. I reported them on one occasion and their post got deleted. Shameful what's been going on prior to this update. Pleased for the long term holders and hope they recover the money they invested.
It's very underhand if they have issued that rns to buy back the shares they forward sold cheaply. The fact that you can sell so soon after opening following such a negative statement shows that any sells are being bought.
Pleased to see branson get some karma. Made billions despite every company he creates failing in the end virgin cola, Virgin megastores, his budget airline etc. Vile man.