Member Info for zccax77

Incorrect, they still have headroom.

Some of you predicting the sp going to 500p are deluded. They need a rights issue for growth not due to a going concern risk. They could just as well survive without the rights issue, without having to give the company away for free for a lousy 350m.

More like a decline on the 3rd when CMC results are due. 6**p?

Zero, I expect Vernon to pull the money out of his ar*e.

I await Goodbody coming out and saying 500p, they would not like being outdone by Barclays. Whatever the sp is, you can expect Goodbody coming up with a price which is minus 30% of what they previous had.

Good thing metro do not rely on this, otherwise they would now be out of business.

Now only £746m. One error cost them 2/3 of market cap and still no sackings.

Not convinced this is going to rise anytime soon. Barclays downgraded this today to 650p and hence the fall today.

This can potentional fall to that level. A predator might come and try and buy and the FCA/PRA will force it through. The last thing they want is another mess on their hands.

Best to wait for the magic 5**.

WTH would you want to raise 350m when you have lost 750m in MC? sell assets and pull other levers. The BoD will not listen they will drive the SP into the ground and get aggressively taken over at a low price (the PRA/FCA will force them).

They need to cancel RI and return BCR. Then say they will grow organically at 10% PA. The shorters will disappear. They have created this untenable situation by asking for a RI without a price. What this go down to 6** in the next few weeks, followed by 5*** before the rights issue. Boof you have been diluted by 30-50%.

At what point does the rights issue become a complete joke, when MC = RI?

One thing is certain the longer this debacle goes on for, the lower this will drop. At what point do investor says enough is enough, @ 90% loss of capital. The BoD need changing including Hill.

It is pretty much impossible to get in at those lows, no shares available to buy.

Yes, when your inflation and growth expectations are elevated everything seems fine and dandy, then 2008 happens and all that goes out the window.

TheGreatMaze you have no idea. Some of the funny leases signed by boomers pre-2000 when inflation and interest rates were high.

Yes break clause in 2083.

MA is crazy, buying this is a bad idea. He needs to sort out HoF, biting off more than he can chew here. He should force DEB into a CVA/admin and then become a carrion feeder. The onerous leases will be his undoing.

With some of Draghi's comments the whole sector is up, this lame duck moves sideways.