Ssp Share Discussion Threads

[everton448] 04/6/2024 14:44

No support even at these levels. All time low looks like it could be tested.

[davethehorse] 04/6/2024 09:37

Let's hope the Americans are taking a look and see the value here, snap up for a song and re list in the US....no brainer

[cafc69] 04/6/2024 09:29

They go up .03 and down 3p lol . Will take 20 up days to make this up

[davethehorse] 04/6/2024 09:26

They are but everything is getting trashed today

[cafc69] 04/6/2024 08:32

They are certainly winning at the moment.

[davethehorse] 04/6/2024 07:24

Taken from an FT article ....Financial Times) Hedge fund short sellers burnt by flurry of UK takeover bids"Shorting any UK mid-cap is insane, literally insane," said one hedge fund executive who specialises in shorting stocks. "The numbers [valuations] are just so low in the vast majority of cases that a $2bn UK company is peanuts for any mid-sized American company. Your sell case has to be unbelievably compelling and feature the stock going down at least 50 per cent", or there is a risk you lose 50 per cent if the stock gets bid for, the person added.

[davethehorse] 03/6/2024 10:56

Is the ship steadying...?...signs a few bargain hunters are sniffing around...;-)

[davethehorse] 03/6/2024 07:47

Hoping the shorter, GLG, will get severely burned soon....;-)

[shareideas1] 03/6/2024 06:12

You need to distinguish between debt and rents

[onjohn] 03/6/2024 05:25

We can see from the most recent balance sheet that SSP Group had liabilities of UK£1.05b falling due within a year, and liabilities of UK£1.52b due beyond that. On the other hand, it had cash of UK£303.3m and UK£131.1m worth of receivables due within a year. So it has liabilities totalling UK£2.14b more than its cash and near-term receivables, combined.

When you consider that this deficiency exceeds the company's UK£1.74b market capitalization, you might well be inclined to review the balance sheet intently. In the scenario where the company had to clean up its balance sheet quickly, it seems likely shareholders would suffer extensive dilution.

[cafc69] 02/6/2024 12:38

They raised there short on the 29thhttps://www.shorttracker.co.uk/company/GB00BGBN7C04/

[cafc69] 31/5/2024 12:05

Not moving with the market , constantly going the opposite way

[davethehorse] 31/5/2024 10:40

Let's hope the consolidation over the last couple of days provides a platform to bounce off from now...

[davethehorse] 30/5/2024 10:09

Happy interim ex-div day to all holders...:-)

[davethehorse] 29/5/2024 11:51

Maybe GLG are out now?

[time_traveller] 29/5/2024 10:53

Shorts closing, or sniff of a bid? It's certainly ripe for a buyout and break up.

[everton448] 29/5/2024 10:35

Thanks Dave for the explanation and the info re the market cap - I had no idea about prices being walked down in this way

[davethehorse] 29/5/2024 10:09

Can't say for sure all of an overhang has cleared but this has clearerly been "walked down" to a price where a buyer and seller agree to exchange ownership of shares, some very large chunks of shares have changed hands recently, inc today, and the share price suddenly notched up after the ones today. Let's see, we may see a decent recovery from here....Re market cap I used the ADVFN one quoted on here.

[everton448] 29/5/2024 10:01

Thought there were 798 million shares in issue which makes the market cap 1.34 billion. Also how can you tell there is an overhang and that it has been cleared. Genuine question.

[davethehorse] 29/5/2024 09:57

Overhang clearing.....????.....bounce on the cards.....;-)

[davethehorse] 29/5/2024 09:50

Some large blocks of shares have just changed hands, several million....

[dope007] 29/5/2024 08:52

£900mill PLUS the debt