Jolly, do you not think that even fully diluted with all the Jim Mellon stuff this is still good value? Todays RNS is good news, the outlook from the full year was bullish. Compare this to most AIM 10mill MCap companies and its impressive, no?
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.
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