Buzz, you appear to be stuck in a timewarp (as if awakened from a coma with no knowledge of how the world has changed). The SFO are happy with the current BOD, company, accounting methods, very conservative projections for future NIHL income. Much like SGH are happy they paid what they consider a fair price for PSD (Slater & Gordon Solutions). Keep the SFO investion on the risk register but recognise it for what it is a risk to former BOD members. BTFAITH1 it seems you have been caught out as a liar and fantasist (thanks CM) so don't come here to spread fear. That's what addicknt is for! ;-) ATB JS
Buzz "Find it funny how several posters are trashing the YLF campaign. Should we assume these posters have twigged that any fines will be paid by shareholders and are therefore content to attempt to discredit the campaign?" Yes, you got us bang on there. A valiant rearguard action by a handful of bb posters, who were quite happily minding there own business, before being asked about compensation, against a crack YLF team of legal eagles with a cast-iron case. Welcome back, buzz. We have missed your insight and intellect. ATB
agree. gap up to 120p coming when market wakes up.
OK, let's say they pay out 80p. What's the remaining 240mil cash worth then??? 20p a share??? That would make a market cap of 88mil = 240mil cash + NIHL + Rest... Seems logical to me that the market has it wrong.
@Buzzlightyear123 "For what its worth - capital return will be 80p max in early 2016, the bits left are worth something potentially but have a huge uphill battle to prove that." So you're shorting from ~£1 (when did you open?) with a target of "80p+something" ? Is it really worth the risk? Good luck btw, if you make anything you deserve it for sheer bravado. Someone had a target of 90p the other day, having opened at £1.11. Gotta admire the confidence! I'd be impressed if this goes back below £1 for any length of time. So impressed, in fact, that I'd find some money to buy some more. I do get the impression that the Chairman doesn't agree with you though, so time will tell.
Market has it wrong, should start to correct any time soon in that case. For what its worth - capital return will be 80p max in early 2016, the bits left are worth something potentially but have a huge uphill battle to prove that.
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