lp2 is not a holder - long or short.
i must say, as much as i hope we are wrong since I am long i tend to agree with the overall gist of lp2. there will definitely be very little value (at best) left in MFS when this is all sorted through. i won;t repeat my reasoning which is in lots of other posts.
the primary positive i see at this stage is that they have not placed the company in Administration. as such the directors have clearly not at this stage come to the conclusion that the company is insolvent.
it will also be interesting to see what, if any, plans other shareholders have to maximise value in the company.
mjs
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stella jan to march earnings sweetspot, page-7
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