Sometimes feel I am missing a bit of the jigsaw. Most of report indicates good news , suggesting price pre-consolidation should be more than 5p. 5p achieved during speculation after annual report. Positive relationship established with Gresham House, offer 10% discount market prices share at 12.5% discount , why has apparent good news got such a poor reception?
I will also be squeezed by consolidation , also very small number of shares I can apply for in rights issue probably mean it wont be viable, that said long term strategy looks positive.
Um did not see Todays RNS giving details of fundraising , which explains fall in share price
And now please could someone explain the drop. My guess is something set off a rumor Monday which has not yet be confirmed. The annual report hints at good new re tax position, utilization of historic losses or return of value to share holders, may be we need to wait until AGM before position is clarified but if Monday was anything to go by good news could take these over 5p
Question I have asked before but don't understand why does price quoted on this site differ so much from site quoted on BBC site?
The most striking thing about this share is its stability . for last year it has traded between 70p and 80p. Guess this will probably remain the case until Govt sell off is complete
So the question is what is a promise note for 5p which is never likely to paid worth? The market is at the moment saying it is worth nothing, so my tactic is to hold and treat as a free bet on a 3 legged donkey in the grand national. If the market started to value the share + Promise note at 11p or above (promise note started to be worth a penny or more I would think about selling as it would more than cover dealing costs and might pay for a meal out.)
Guess Fortune Dynasty must know by now if they have the votes and may have done all along , so no news is probably not good news, my guess is they would have increased the bid if they had any doubts but good luck all anyway
Barclays- Just received corporate action letter from Barclays to be completed by 24 Feb asking if I want Cash or Loan note , anyone else received this does this assume its a done deal?