PPRuNe Forums - View Single Post - Mytravel shares fall
View Single Post
Old 24th Mar 2004, 08:01
  #9 (permalink)  
Harrier46
 
Join Date: Oct 2001
Location: Almaty
Posts: 211
Likes: 0
Received 0 Likes on 0 Posts
A 5p drop for MYT is a much larger percentage than 12p for Easyjet but they will probably creep up again, as they have before. Looks like they will survive, as have Marconi, British Energy, Invensys and a few others recently which have been in similar positions. But obviously all the bad publicity and now talk of restructuring pushes down the price. They may be turning round the business but the debt mountain can only be addressed by restructuring and possibly a rights issue. Until then any earnings go straight to the banks.
Harrier46 is offline