Current market cap4 Mar 2019 18:33
Is ludicrously low.
This is only the second time over the past year that ROSE has fallen below 2p. Last time it bounced back up to 3p very quickly. This time City Finance have created an incredible opportunity imho with the fire sale on an illiquid book.
Nothing has changed since the market priced this at 3p plus, apart from City Financial no long hold. New holders have taken up the slack and a bunch of that will be by investors looking for JV/Farm in news.
Based on market cap, I think we can expect this back in 2s quickly and, with the right JV news, 5p plus.