Finablr Share Discussion Threads

[stallone10] 14/3/2020 11:38

Let’s see I still think it will be bought out for a large multiple than current val.
After all they spent 160milion dollars just on infrastructure and have numerous partners in saudia arabia

[idoflykathy] 14/3/2020 10:24

And who is issuing more debt to companies in the travel sector right now, the hardest hit for the next 12 months!!!

[idoflykathy] 14/3/2020 10:22

But the business is no longer viable

[kemche] 14/3/2020 10:19

kathy, they could just get more bonds then make them go up. etc

[idoflykathy] 14/3/2020 10:16

This is going into administration. Likely Shetty et al have already organised a pre-pack. Fin is a UAE company anyway so Shetty has no qualms with screwing over UK equity holders, as you have witnessed with NMC. Your equity is completely worthless now. The Market Makers fleeced a load of greedy retail buyers yesterday by simulating a rise off the back of no news. So greedy retail then thought the previous drop was overdone, bought in fearing missing out on a 10 bagger! After all, the RNS wasn't that bad was it??? If the covenant had said "Debt covenants breached" instead of "liquidity issues" - maybe you'd now agree with me. But as I have said.... there was NO rise in the bonds on Friday. They'll get something back, but holding out for 20-30p in the £ by the looks of it.

[idoflykathy] 14/3/2020 10:11

78.75% drop in bond price. Actually worse than I first thought. That happens when covenants are breached.

[letmepass] 14/3/2020 10:08

Hahaha LMFAO

[stallone10] 14/3/2020 10:03

Idoflykathy please reveal your sources for your statement above at 991

[dplewis1] 14/3/2020 08:17

andyA123 another spam account - don't click the link

[idoflykathy] 14/3/2020 08:17

Yup. Foolish idiots piling in, filled with greed. Notice zero increase in bond prices yesterday. That paints the true picture!

[idoflykathy] 13/3/2020 22:47

Finablr breaches bond covenants yesterday and boldholders are asking for repayment.
You were told the legal minimum. Anyone buying today is caught in a trap. Bonds did not move today. Company has liquidity crunch. Unlikely to survive. Has no money and now being asked to repay ££££££... you heard it here. Don’t lose sleep!

[dave444] 13/3/2020 22:10

You realize the shorters can have another go on Monday?

[letmepass] 13/3/2020 22:04

Only 2% available. No wonder it rises quickly. Watch the next rise

[dave444] 13/3/2020 22:01

Breaking news - Europe is the Centre of the virus apart from China!

[dave444] 13/3/2020 21:54

For how long?

[letmepass] 13/3/2020 21:50

NOTICE OF TEMPORARY PROHIBITION OF SHORT SELLING13 March 2020The Financial Conduct Authority ("FCA") notifies that it temporarily prohibits short selling in the following instruments and transactions under Articles 23 (1) and 26 (4) of Regulation (EU) No 236/2012 of the European Parliament and of the Council of 14 March 2012.Nature of measure:a) short sale prohibition for sharesScope:a) Please see Annex 1 below for the instruments concerned b) all UK trading venues on which the instruments are tradedc) any person irrespective of their country of residence (subject to the exemption below)Entry into force of the measure and duration:a) Date: 13 March 2020 b) Time: immediatelyc) Duration: Until the end of the trading day on 13 March 202

[dave444] 13/3/2020 21:39

I never short I bought in today and sold out before close with a reasonable profit Monday is a different story especially if those shorters are allowed back inYou do realize that bond holders could pull the plug I take it?Any holding overnight is subject to real risk

[dave444] 13/3/2020 21:36

Oh dear!350m debt4 times market cap!

[dave444] 13/3/2020 21:26

What did the company themselves say muppet?