RE: Looking good ..17 Feb 2022 21:36
I refer to the last RNS's on financial performance and balance sheet with the following conclusions - I am genuinely reaching out to anyone who can comment to amend or update:
1st December 2021
Holding of AFN = 17.64% which at time of posting = £3.21M @ 74p a share
Ongoing AFN Dividend policy at 6 monthly intervals = 1.5p per share annual = £65k
Holding UMBR at 1,000,000 units (understood at 10% from Chambers comms @ $7.75 = £5.69M
Forget any other cash reserves or other incomes - just forget the Narni bridge etc.
There are almost other debt or debtors according to the balance sheet, that was a total of = £31k
The base NBV of OBC is therefore £8.934M - with zero net income from now on.
We are sat tonight at 14,311,709 shares in issue @ 41p which gives a market cap of £5.868M
This means (for those who are slow on the uptake) the market cap here is £millions below the net book value. No need to expect a penny more of income.....
Go figure.