RE: Strange.........16 Nov 2019 10:22
"if they are not a cash shell why would they be announcing they have identified something to reverse into? "
I don't believe there is a protocol against saying something along the lines of "We expect the disposal to take place by 30th November and we will then move towards a RTO with an identified target"
What would be wrong with them saying something like that?
IMO, if the disposal doesn't happen by 30th November it won't happen until next year. Will it happen? most likely it will. When? Well, going by their previous track record, much later than people expect IMO.
Unlike the disposal, which I think will happen at some point this year/early next year, once they've managed to overcome the usual unprofessional buggring about with broken deadlines you'd expect from useless AIM directors, I'm not convinced a RTO is going to be announced or even alluded to. There is nothing to say a RTO is going to be with FURA as far as I can tell, just some speculation born of one or two vague coincidences in certain dates.
If the disposal goes ahead and the market receives the usual stock "We will now endeavor to find a suitable RTO partner" with no hint that a RTO is close, thn the market will not react all that well, especially if the SP has been ramped up at that point.
All that being said, it could play out exactly as people are predicting, but this is incredibly speculative at the moment.
Having had time to check the figures I can see the company will only be a "cash shell" with a few quid in it's pocket after the disposal. In my mind I thought the disposal was worth a few million until I read back through the RNS's.
All that considered a Market cap of around £500k-£750k seems about right IMO until a RTO occurs. That seems to be the going rate for companies in a similar position across AIM. Everything else is speculation.
I also note going back through the posts yesterday that people were suggesting that FURA wasn't trading and as such it suggested there would be an announcement which I believe caused a spike as the rumour did the rounds. Evidently it was trading all day as far as I can tell.
In summary, this is an interesting stock to watch, but definitely one to be careful with too. There may be opportunities to get in here long or short term in the future but after Friday's tricks it may be just as well to sit back and watch until nearer 30th November.