I am pleased we see this share in a similar way. I always find reinforcement in your well balanced posts. I expect it to establish itself at this level this week. Of course there is a chance it could jump a couple of pence straight away as people fear they are missing the boat. But consolidation will happen here in the end and we will move on. Lovely.
At least all the bad news is out there now and this remains a work in progress. They plan to address the drag of some legacy issues, whilst at the same time embarking on a buy and build. They have enough working capital for 12 months, and during that time onw would expect the management and MXCP to make significant progress, Further funding will obviously be required as they make acquisitions. A longer term proposition, undoubtedly, but I'm optimistic of success.
Absolutely, there are so many ways to play this. None of them prove to be wrong as long as in the end you don't lose money. I'm hoping that holding will be enough but all investments are welcome as we've seen before when people come in on the lows and go out on the highs it still offers a catalyst for interest and in turn consolidation at every level. Love it.
Yes Aphrodite I believe you are correct with regard to the open offer. Personally I invested after that date and also see this as a long term hold. I expect PINN to follow a similar path to CTP where I have a large holding. This I hope will be another profitable buy and build of course. I also planned to come in after the enevitable placing.
hi aphrodite, i think you are correct. if agreed the new shares will come onto the market around 11th feb ( private investors will get their shares probably swiftly if with hg or may have to wait longer if with barclays, ig, ii etc. i think this will work out well in the long run and i will be deciding if and when a good time to buy, usually after the shares are released into the market.
Datafeed and UK data supplied by NBTrader and Digital Look.
While London South East do their best to maintain the high quality of the information displayed on this site,
we cannot be held responsible for any loss due to incorrect information found here. All information is provided free of charge, 'as-is', and you use it at your own risk.
The contents of all 'Chat' messages should not be construed as advice and represent the opinions of the authors, not those of London South East Limited, or its affiliates.
London South East does not authorise or approve this content, and reserves the right to remove items at its discretion.