Charles Jillings, CEO of Utilico, energized by strong economic momentum across Latin America. Watch the video here.
and bought at 5 you've made 40% but that's halved if you have to buy back at 8. The biggest danger is that you think it's too expensive but it keeps going up and you walk away. That must have happened to countless peeps in ASC. If you'd have put �20k into ASC at the beginning of 2003 it would have been worth around �22m 11 years later - no need to risk any buying and selling - just sit on it.
I suspect a lot of you will be bitterly disappointed if we get a bid. If the directors owned nearly 50% of the shares we might well go for say 40p at the moment. - but they don't hold many shares. But if there is only one bidder 15p is likely - and a bit more if there are 2 or 3. bidders. The Insts will be very pleased with say trebling their money in a short space of time and any bidder won't pay any more than they have to. If someone really wants us they can offer management long term deals to stay on. Management is not in a strong position to stay independent and I suspect they know it . Maybe that's why the RNS was so unusually optimistic - trying to boost the SP before a bid comes in. Of course any bidder will want management onside but they will not find it difficult to get the votes of most Insts. I'd much rather we stayed independent for a couple of years.
I think you need a good Fleet RNS for a likely upgrade. Fleet will materially affect trading in the next 6 to 12 months. Automotive is largely 2 years or so away and the market is not in the mood to credit the company with much at this stage of the cycle when we may be entering at least a correction, shortly.
Guardian 2.0 was supposed to be released in December. Now April and no sign yet. They need to get the units back, complete them and send off by 30 June otherwise they can't invoice by then and there would be a big miss on forecasts. I think that is why the market is nervous at the moment.