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At this stage these are only low-ball speculations to fall it a fraud,
in many cases offers are done via intermediary shell entities for de-risking purposes.
It is a standard practice to form some sort of BidCo.
But yes, with all what's going on with property market (especially in vulnerable segment where tenants won't have default insurance like in commercial rent segment, plus this RNS with this crazy impairment of only 23% rent collection and 10m refurbishment bill) - offer very likely won't be gold-plated.
Hardly anyone is doing great with capital raises or even debt refinancing in increasing interest rate environment paired with spiking risk levels under these harsh and deteriorating economic environment. With lenders it's double-edged sword too: you can increase premium but impairments/defaults will eat it all away and regulator will create extra "excitement" along the way.
Equally this can go down to 40p or even below that without much of an effort simply on fundamental justification.
I haven't seen sufficient profits to support current m-cap,
but if you take into account amount of intangibles (roughly the same as total paper equity)
it instantly shows the incredible risk levels here.
All these years it had valuation based on overly optimistic growth expectations which in reality I haven't seen materializing much and in a new economic realities over next years unfortunately the outlook might not necessarily be that bright anymore.
Sects of believing fanatics are normally deaf to any voice of wisdom from outside.
Let them be with reading self-reassuring mantras.
With spreads going from 10% to 30% it's not punters who will get some money out of this.
isn't it only £1.5K at yesterday' price?
So if it's 75% rule then they just missed 190K share-votes against to get a different outcome.
@BoracicLint Re: ... My reason for investing was always the litigation, so my investment case has failed! ...
The haven't lost the case, even with out-of-court settlements it is predominantly a win for a claimant.
M-cap 120m, equity 4m, net settlement 74m, consistent loss-making,
it is a good court outcome but share is already overvalued, this settlement was already priced in long time ago.
Approval might not necessarily matter much if scenario goes like with London-listed ZAIM ticker (Russian-based assets effectively were highjacked to a third-party and no longer under control of BoD).
IMV quite good results, but I do agree as hype falls post-covid - production capacities will highly likely be operating well below optimal efficiency levels especially considering recent capital investments into industry and accompanied growth in competition (oversaturated market), might take years before this bubble balances back.
MaryBr190 - Most toxic shares with high retail presence has always been a shorters dream
If they will inevitable move out of ISA then all that amount will not be protected from tax (advantages) and you won't be allowed to refill it (beyond regular annual allowance). If this is the case and you do insist on holding this position then optimal option might be selling ISA and buying on regular share-dealing account, this way you still hold position and will have some money saved on ISA (obviously ISA account will show loss and regular will be gain if it play out with normal approach to buy/sell/fees approach for CGT exposure since you can't offset gains on regular one with ISA loss).
bl-rg even continues to ramp it up mocking TO interest for STAN which imv might have some space for sp/m-cap improvement but not much.
https://www.bloomberg.com/news/articles/2023-01-07/abu-dhabi-s-stanchart-interest-showcases-global-ambitions
Don't they publish updates here:
https://petropavlovskplc.com/administration-news/
?
I also saw charge was filled earlier this month against them by Lender: "Tusmore Collection" for range of intellectual property/brands (also mentions loan recall due to covenants breach, mortgage, real property, etc. - but I guess it's just a placeholder and blanks weren't filled in this standard template). Would be interesting to see if they can pull this off as last equity raise might not be enough.
Here it says still suspended, but latest RNS (with interim results {loss}) reports it's restored and trading resumed from today 8am.