I’m fed up with our successful UK companies being taken out by well capitalised foreign predators. Let’s reject the offer and back our existing team to make us shedloads of cash.
I’m in a few fintechs (and sold out of Argentex before the disaster) and I think this is the best of the bunch.
If you look at the dealing volumes over the last few years you see it has steadily declined. There is very little interest it seems in AIM stocks unless around update time. Add to this the earnings downgrade - possibly because of the loss making acquisition - and I think you can understand, if not agree with, current performance.
If you look at the composition of the board you will see how deeply impressive they are with lots of finance, fintech, fast growth and listed company experience. I just bought more.
So, a company with a current market cap of £127m is going to cap its LTIP at £35m. And a revenue growth hurdle of 15% in this field is ludicrous. Once again, (remember the placing at 80p was it?) the pigs have got their snouts in our trough.