baz,get yourself into RGM asap,just been a 15m buy over at isdx at 0.34p !
RAC - Several posters have expressed their hope that tomorrow's update will include an update on the Joint Venture. This is unlikely. Several weeks ago the Company stated that it would have to relinquish responsibility for any update to RAC in consideration of their current flotation sensitivities (RAC's possible flotation announcement was made after the proposed Joint Venture initiative was released). However, as mentioned here already today, it should be stressed that THE JOINT VENTURE HAS NO NEGATIVE IMPACT WHATSOEVER ON THE COMPANY'S CURRENT OR MEDIUM TERM FINANCIAL FORECASTS. No return from the joint venture was expected until 2016 at the earliest.
Tomorrow- Not sure I want surprises tomorrow. Just cear, verified evidence that the business is robust and generating cash. If the statement passes the whole Board (including the new NED) and the review by the Nomad and KPMG, then I will be happy with "things are pretty well as we said".
KPMG will NOT sign off the interim accounts BUT THEY WILL have undertaken a proper review (they know they are in the firing line). Equally the new NED- David Currie will want to make sure the statement is "squeaky clean". These could be the first set f numbers, and the first statement that has third-party credibility. I wouldn't be surprised if the tone is a bit more conservative- but almost any reassurance will see the price moving to a new level.
I hope all the trolls who succeeded in persuading others to sell their shares at all time lows through their deliberately deceitful and ill-informed scaremongering will have the good grace to apologise
QPP1000- agree, if the price crosses 215 pence then we could see a major spike- but this will be driven by short-covering. Going forward price will be driven by fundamentals, and what we hope is a "grown-up" statement tomorrow.
Expect the Trolls to be out in force today, and to be as negative as possible n the statement tomorrow. There will also be those that have genuine concerns and criticisms tomorrow. Best thing is just to ignore the trolls entirely (no gentle mocking, no "giving them oxygen")- just treat them with disdain. Those with genuine concerns should be free to post their thoughts without being swept up in the same category as the trolls who are doing the work for the shorters.
a lot of day traders will bail out between now and 4.30
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