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For the whole time I have held TRAK (5+ years) every rns is moving the goalposts after previously advising that the next half year will be the one that delivers. Either a really unfortunate run of bad luck, or as I'm now starting to suspect, a complete load of tosh being forecast here.
Https://www.ipswichstar.co.uk/news/24204087.university-suffolk-ipswich-unveils-esports-degree/
Crypto exchange doesn't really align well with majority of GILD target audience. This had to be dropped before GILD could consider apparel in store. Crypto getting a lot of negative press for volatility and sharp losses. Good move by Jasmine.
Someone wants our shares. Sit tight and let's see what happens.
There is only one thing holding this share price back now, the actual numbers. Once these sponsorships flow through to the financial statements we will get a good rerating here.
CREDIT SUISSE RAISES REDROW PRICE TARGET TO 745 (640) PENCE - 'OUTPERFORM'
DEUTSCHE BANK RAISES REDROW PRICE TARGET TO 800 (673) PENCE - 'BUY'
BARCLAYS RAISES REDROW PRICE TARGET TO 820 (810) PENCE - 'OVERWEIGHT'
JPMORGAN RAISES REDROW PRICE TARGET TO 850 (790) PENCE - 'OVERWEIGHT'
GLA long term holders
anything over £8 would definitely take some serious consideration.
This was trading at over £8 pre covid. And recently over £7 on no news. Let's see what offer comes if any.
Rich pickings
The price has been manipulated for weeks now, I have been watching. only a matter of time before it had to break out. hopefully a fund buying in.
Really nice update. I think we were all expecting a strong order book flowing through to 2022 with the way the housing market is currently rallying. This should tick up nicely until results are published.
I would imagine any offer to come as a mixture of cash and shares, once Microlise has listed. I'm thinking this wont be until next year as they have extended accounting date's to 29th December.
Having a punt on GILD. Something my kids know more about than me, but potential to be the future of sporting events the way things are all moving online and digital.
I don't comment much here, but read here every day. Just seems with every update comes disappointment followed by promises of better times ahead. 4 years of treading water. If this was my company the board would be getting a rocket.
Plenty of cash and dividend reinstated
Nosugar - I have a lot of experience in transitioning companies to FRS-16 - not only do you have to show the liability in the balance sheet, but you also have to show the right of use asset and depreciate it over the period of the lease, whilst discounting the value of future payments to net present value.
For those interested in the increase in net debt, I believe this is down to the transition to IFRS-16.
From Investopedia:
A reverse takeover (RTO) is a type of merger that private companies engage in to become publicly traded without resorting to an initial public offering (IPO). Initially, the private company buys enough shares to control a publicly traded company. The private company's shareholder then exchanges its shares in the private company for shares in the public company. At this point, the private company has effectively become a publicly traded company. An RTO is also known as a reverse merger or a reverse IPO.
Microlise's Raza exchanges shares in Microlise for those held by the board of TRAK. Microlise then have control of TRAK. TRAK can then acquire the shares of Microlise in return and rename itself Microlise and be listed without all the expense of an IPO. The board of TRAK are happy as they now hold shares and options in the merged company.
I said from the beginning when Trak switched to the same auditor as microlise there is a RTO on the horizon. Get the financials perfectly aligned and fully understood by your own auditors and a lot of your due diligence is already done. It will be interesting to watch this over the next 6 months.