Land Of Leather Share Discussion Threads

[m.t.glass] 22/5/2008 12:06

RB - shhhhush!

[still waiting] 22/5/2008 12:06

quoting 21/21.5p now, once 20p is broken this will fall quickly.

[hammy_davies_snr] 22/5/2008 11:46

This chart is going to hell

[rbonnier] 22/5/2008 11:45

I bet that guy wanting 20k at 6p is M.T.Glass closing ..LOL

[25cent] 22/5/2008 11:36

Yep thought so now 21p on the bid and it looks like its going a lot lower.

[m.t.glass] 22/5/2008 11:26

homeboy - I am loath to offer advice, as each of our personal circumstances differ. Falling into administration (or whatever other collapse mechanism) can mean bets being frozen pending an outcome which can take as long as it takes - and that can annoyingly tie up margin on a sbet account, which might be wanted for betting on something else. So there can be some advantage in cashing the bet early - but on the other hand if the company does wind up quickly at zero, no sbettor wants to miss out on that.

If sticking with a bet, there is also the risk of some peculiar corporate action being involved if the company is deemed worthy of rescue - and I don't much like getting caught by those. I was once short of a stock that made a rights issue of free shares - which i was deemed to have accepted - which meant I then held a downbet taken out at zero on shares which had instantly acquired a market value substantially above that ;o/

PS: Another thing - sbet firms are free to vary their margin requirements and their quoted spreads. If they suddenly increase the percentage margin required on a particular stock, some account holders will find themselves in breach of account limits and be forced to exit, without the market price having moved at all. Which is why it is worth maintaining some headroom within ones sbet account and not being fully marginned.
So many possibilities. And I am not immune to the occasional wrong call, so don't anyone copy me. Each must make their own judgment.

[25cent] 22/5/2008 11:23

Could see another spike down real soon. auction now.

[25cent] 22/5/2008 11:22

Brave man wanting 20k of these at 6p.

[still waiting] 22/5/2008 11:15

grab a sofa LOL

[m.t.glass] 22/5/2008 11:14

No buyers now except the MMs (well, apart from one cheeky fella bidding 6p) - and only one of those holding that 22.25p price - and that only for 500 shares..

[homeboy35] 22/5/2008 11:09

Shorters, IG would pay out on a value of zero if shareholders got nowt, once administrators have done their work. Would anyone like to hazzard a guess as to how long they are likely to take with LAN? Would shareholders get zilch with LAN? Am I jumping the gun? What is your strategy MT Glass? You are the King of Shorters after all.

[still waiting] 22/5/2008 11:03

directors should pay close attention to trading whilst insolvent consequences.

[25cent] 22/5/2008 10:59

32% taken from the cash flow and in all honesty is this worth even a penny?
It has no cash (apart from customers deposits)high fixed costs and imploding sales figures.
Surely this could be going into admin?

[homeboy35] 22/5/2008 10:56

TITANIC TIME!!!!!!!!!!

[still waiting] 22/5/2008 10:37

another bad bank holiday update next week and it could be game over.

[m.t.glass] 22/5/2008 10:26

Another half pee to come off about now?

[m.t.glass] 22/5/2008 10:23

And so it predictably did!

[m.t.glass] 22/5/2008 10:16

bid side sure to drop from 24.5p any minute now. Held up only by two MMs who posted prices pre-market. The other 7 MMs have all cut theirs in the past 20 minutes

[still waiting] 22/5/2008 10:00

next plunge now starting, staff must be worried.

[homeboy35] 22/5/2008 09:56

The last thing people want to buy when their disposable income is being squeezed is an overpriced new sofa. The truly rich are not suffering, but they don't go to LOL, lol. Places like this and Woolies and Debs are doomed I reckon.

[davidosh] 22/5/2008 09:02

The refinancing will only stave off the day if the company continues to have such high negative like for likes and subsequent losses

[still waiting] 22/5/2008 08:20

That's a big ????