RE: Capital return14 Apr 2020 17:22
My thoughts. WTG recently advised of holding the cash equivalent of 195p/ share. Following the cash return we should be left with about £40m cash, Ingenie and the possibility of settlements with Aviva and PWC. All in all, in my opinion, that should value WTG post capital return IRO £45-55m or 100-120p / share. Add in the obvious market risks and I would expect if to be trading 30-50p immediately after the cash return. If it’s 30p I would expect a surge as people reinvest a proportion of their capital return.
B