Maybe it should be "what a disaster the share price is" rather than the company itself. Looking at recent RNSs they are very proactive and have major projects in the works over the next few years yet the market is not reflecting the low PE and future pipeline. You did the right thing selling when you did but at this level if you dyor on current prospects some may consider buying and tucking away for 2-3 years. I am fairly sure the share price will be a lot higher by then...
I sold out at twice this price and lost money but certainly glad I did. The directors are either totally incompetent "or worse" - Just popped back to see if I made a mistake by selling Sorry to see you guys suffering so much but good luck.
Extracts ... "pleased to announce" ... 20p placing ... "delighted" ... "successful fundraising" * My comments ... "Awfull" ... "distressing" ... "This placing is a form of business failure" * 20.297 million shares were placed at 20p gross (18.23p net) * Reason for placing ... replacing working capital that had been mis-spent on long term capex previously! * Post placing, I think circa 56 million shares exist and I am guessing underlying EPS is running at 1.8p vs 1.7p last year and that debt per share is circa 25p and NAV is circa 76p ... pretty spurious guesswork ... could have got it very wrong? * Additional Comment ... Despite not being heavily exposed to this share, it was quite some time before I could stand the thought of considering the effects of the placing more carefully ... Getting caught on the wrong side of a placing is horrible!
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