IMO the SP should be around 14p even after using a fully diluted (including all warrants and loans) 200m for the number of shares, using 2015 profit of £2.3m and a market sector average of 13. But as always please Do Your Own Research ("DYOR") and please check my calculations. Something else worth considering is that the Directors may of course wish to defer the date of maturity on the loans with a reduced rate of interest as JM and SR did on 26 February 2015 but again please DYOR.
Read page 44 of the annual report before investing here. The Directors certainly know how to reward themselves if all warrants and loans are converted it will lead to significant dilution at the expense of ordinary shareholders.
BOD are another reason this share has zero intrest and suffers illiquidity. Buy at 8p,, should be 20p.
Well at least its not going bust, but needs a bull market for banks to move forward. As far as I know it doesnt suffer the usual scandles the big banks do, so low risk. Fundamentaly delivers growth rate performance, but isnt rated as such . Ill wait for a lower buy price as the manipulation flushes out the impatient.
Why with the AGM due, what are the chances of getting the current Non Exec members replaced, as they are not looking after ALL current shareholders best interests, but the few who hold the controlling shares. Seems a little one sided, maybe if we had independant non exec's we may stand a better chance of moving this company forward. any suggestions on how this could happen ?
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