RE: Why is this such a bargain?Today 16:48
I don’t know any more than anyone else.
I don’t think, actually, it’s either June or September. I think, though it’s not as according to the Capital Markets day spiel as it came out, those months are index inclusion months - which they would like, I suppose, if they can qualify on volume and so on.
I begin to think that last could just be September, if main market adds the liquidity, the required volume.
Plainly, they will have all that in mind, with at the moment predominantly local institutions, pension funds, to work for.
As has been said, them selling will eventually have done so.
There’s no need for any raise here, though opportunity for a strategic raise to present. If things go as planned, and they are at the moment, there is a financial roadway through 2027, by which time things should have well-changed. Q4 on.
Provided they can execute as planned, as for all such.
As I see it, it’s quite simple. They will either execute, why not, or the totally unexpected happens.