I agree, normally with this rise the shorts would be gone but they have increased position. They must know something like they did with clln recently. Everyone be careful and good luck.
CITI Bank - Shareholders should be prepared for “further earnings rebasement” – what you and I would probably call profit warnings.
Have a price target of 535p. Strange if they think price warnings possible. GLA
Is there a limit on how long this share can be suspended? Clearly it's in the interest of shareholders for as long as possible until we have a glimmer of hope in getting money from roi otherwise we are bust and game over.
The board of this company are absolutely useless. Look at their 15+ years of running companies and they are unable to generate any significant shareholder value. From the days of Phil edmonds who when he stepped down sp went up 16% to now nothing has changed. These guys have amassed small fortunes from share issues and don't care about increasing sp. I have been in this from the oil days and can't believe how badly this company has been run. Expect a change of name and another share dilution soon.
I think if shareholders vote against the deal then the Israelis will look at alternatives. I have a sneaky feeling the largest shareholders have been sounded out and this deal will go through. Hope im wrong as company well undervalued as stated in The Times yesterday.
Finally, a decent rise today. All the banking stocks have been hammered but since the last set of brilliant results this has had some fall. Long term no debt can mean after brexit vote this should fly.
After decent recent rises, decides to fall. Really frustrating share. On the face of it looks the cheapest builder out there but others (3 B's) doing a lot better recently.