Really Aubyns? Well, Mr 50 posts in 2.5 years, I've got news for you. Investing is about gauging the probability weighted outcome versus the current price. As the price falls, in the absence of new news, your probability weighted expected return increases (unless, like GG you think it's going to zero). Hence it is quite possible to change your view on investing in the absence of news as the share price changes. Indeed, it is the share price move AND the absence of new news which drove my… Read More
These time to buy posts are really just a waste of time. Of course the sp could be any multiple of where it is now both up and down but in the absence of any news whatsoever relating to possible discussions with interested parties and current trading levels it is all total guesswork. As an aside does anyone ever take any notice of AIM companies broker valuations.
Interesting points sweepydog. This is pretty much how I see it as well. The company must be worth at least 140p per share. AVN''s brokers have valued the company at 285p per share. The last batch of directors buys were at around 90p per share in May this year just before the 'up for sale' news came out. Not been any big sell off by the major institutions. I see that some of these M&A forms going through every day appear to show a buyer and seller exchanging shares. What does it all mean… Read More
The BoD have only one main duty under English law and that is to manage the company in the interest of the shareholders. If the rumour mill is to be believed the BoD turned down an offer of £1.40 per share (the case for this in the FT looks pretty convincing) so if they don't get more than this for shareholders I hope they have good insurance cover as the lawyers will be lining up to sue them and for once I think they might well succeed. I don't think the current BoD are naïve so they… Read More
I still think the outlook is bleak, and that 5 months on the chopping block, with still no deal being finalized might signal that the end is nigh. That said, at around 20p, I can't help wondering if a wee flutter might be worth considering with a 30p short term price target. Definitely worth a thought.......or am I getting soft in my old age....?
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