TBC there are v. few shorts left now, so once any sellers gone, maybe already, we are now seeing the bounce. DYOR
As above, continued delivery to plan should see value move back into the equity as debt is paid down and EBITDA rises. DYOR |
It's going to get squeezy. Get shorts closed lol |
Im amazed the Y axis is still moving in 2pence increm,ents. Tomorrow it could be 5 or 10p increments |
I am guessing any shorts left will be closing at a rapid rate now.... |
60p close anyone ? |
7 million shares traded . Should be sorting out that seller well and truly |
For those who bought today like me. I wouldnt be tempted at all for a quick one day trade…. this could run for quite a while. Charts a beaut on the way up |
Way oversold, this bounce may attract some traders that will generate liquidity.
I wouldn't be surprised to see some more Director Buys from today |
This was 80p before the results, but IMO they are doing all they can be doing. Biggest risk is a further softening in trading, but if can continue along lines they are currently doing, with cost savings etc, further assets for sale, then maybe they can avoid a dilutive fund raise and refinance and get that equity value back as they pay down debt....DYOR |
Nicely through 50 :-) |
£25k on the ready |
Still to late for me to jump in John?? |
More appetite than i thought, happy days, :-) |
4 million shares traded before midday . Out with the old and in with the new |
It's having a right good try here. |
Massive volume |
67p next resistance |
interesting shorts pretty well gone, so once big seller hoovered up, maybe some other directors buying IMO< this should get going again...
GLA/DYOR |
Market cap c.£45m adj EBITDA c.£50m at interims and repaid c.£37m debt...
with cost savings coming through, underlying markets still "OK" IMO, then why should a full year of c.£100m+ EBITDA not provide for further material pay downs of debt for next 2 years.
Each say £100m of debt repayment, should in theory flip into equity value no?
Then Refinance in 2 years time when debt may be down to £500m or less?
DYOR what do brokers say? |
Agreed
it has 2 years to refinance, hopefully get some debt pay down before then....DYOR |
Debt not due until 2026 👀 with £200m liquidity available 👀
Just wait for the herd to arrive should fly |
I was in early today 150,000 at 41.6p average inc all costs |
Happy to see it turn, appetite for this one is the question, we shall see, GLA |
Might happen. Old Geoff has a knack of recovering this co. |
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