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My guess is yes
Look at the delayed trade almost a full Penny above market price. Someone was keen to spend £23 k
The shares remain seriously undervalued.
Big rise today . Results very soon. Way too cheap.
So we finally get the U.K. banking licence . The costs of setting this up have been taken this year. This will allow the company to offer rates in the U.K. that are attractive and will help fund more lending.
PAL is based in England and we charge close to 20% getting it flipped 1.2 x a year. The growth phase is getting going now and I remain if the opinion the company will make £10 m in the first year we have full control of PAL . You can then value the company as you like but it will be far higher than right now. I am a holder so please DYOR
How do you get 9% please
Https://www.edisongroup.com/research/record-pbt-driven-by-niche-growth-strategy/32155/
there you go
Thats very kind of you. Its a good stake and we need this to be more holder friendly........
Well we got them to present to 1000 on MELLO...........so a good start.
There is a Swiss investor , myself and 2 from the IOM that account for the 10%.
We are in direct comms with them.
I will try and pull it up for you. Expect a full set when the present at MELLO early September
We are pushing for change but e mails to the BOD would help
A group of shareholders with over 10% are pushing for change.
A start is mello but better PR and forecasts inc more updates are on our agenda.
I am expecting close to £7m this year with nav being 30 odd million so we should be mid 40`s as a minimum with EPS around 4.5 to 5.00p a share in current year. First half up 25% to close to £3 is our estimate
There are broker notes out.,
MFX will be presenting at MELLO in early September after pressure from a group.
What about payment assist. 700 k in a quarter. We only own half of it !! So 2.8 m in the full year 2023 going to £5.6 m when we take full control. Shares on their way to 80/100 p in a year or so. Fantastic.
30p to buy today
Out far too soon but a profit is a profit.
Those that kept the faith are now seeing a good return. Almost a 3 bagger in three months. I feel we are still on the first stage of a long journey.
My 80 p target described a “daft” by one poster on ADVFN May need revising up when we take full control
Of the business described as “transformational “ by Jim Mellon
Last year TND made 68p.
The company has loads of cash/6m plus.
the shares at 621p to buy are 9x last years numbers.
Early this year sales were up 90%.
I am going for a 50% increase in first half to 33p eps. The full year well who knows.
The shares have £10 all over them and are getting ready for the next leg up.
DYOR as i own the stock
tiger
Tiger here.
I do think these are ripe for recovery even after the latest delay. I am hoping to chat with the company soon to try to get more updates. At less than NAV and an improving picture there is money to be made here. Who bought the 4% from cannacord?
Good time over 10% now and it’s only just begun
So we pass 500p don’t miss more.