MCAP8 May 2024 14:45
Just for those new to CPX, you might be interested to see some historic MCAP's and sp's:
March 2019 - SP 7.50p / MCAP £24m / Shares 324m
Dec 2020 - SP 13.75p / MCAP £62.7m / Shares 456m (Last 5 year High)
Feb 2021 - SP 10.50p / MCAP £47m / Shares 456m
May 2022 - SP 4.70p / MCAP £23.50m / Shares 509m
Dec 2022 - SP 3.80p / MCAP £19.50m / Shares 510m (TV 14p or £71m)
Dec 2023 - SP 1.70p / MCAP £12m / Shares 716m (Just before Maxwell loss) - (TV 7p or £50m)
Dec 2023 - SP 0.75p / MCAP £5.4m / Shares 716m (Immediately after Maxwell loss)
Mar 2024 - SP 0.50p / MCAP £3.6m / Shares 716m
Today - SP 0.083p / MCAP £2.38m / Shares 2,910m
The purpose of the above is to try and demonstrate real and Target valuations before the Maxwell loss - i.e. fundamental business value. A takeover or increase at/to 1p sp would make a MCAP of £29m which is higher than any period over last 5 years apart from late Dec 2020 and early 2021 so I believe that talk of a 3p takeout (or £87m) is a bit too fanciful imo. However, given the Target Valuations and the fact that these legal diversions are now behind us, on fundamentals and future prospects, most notably in the Graphene arena, would mean a takeout up to, or possibly a bit over 1p, is realistic and that would indeed be a 12x bagger imo.
A way to go yet but I suggest it is a definite possibility in time.
GLA - especially the LTH's.