The company is doing well and this blip in SP will end soon. Professional investors know that waiting on the side lines on average yields better results. Dyor.
Just see this morning in Irish Times that Carlyle Cardinal have agreed a sale to French outfit of entire Irish franchise for 240m. CC paid 156m in 2016. perhaps this will have a bearing on offer. Either way it makes an excellent case for business model.
Investing is a tough game but all comes to those who wait. This is an excellent recipe and will just take some time to cook. Patience is the secret ingredient
My feelings are that on September 1st we will receive RNS stating that we have received some bids and that the board are considering their options. Nothing more and nothing less. Not too sure we will hear bid price until late in September. Imo.
It has been almost two months since trading update. Hopefully we hear something by the end of month. Although things can only improve from here. Great brand - great potential.
RDLeeds, does your calc refer to book value of bid price ? The current sp is approx 2*eps while the book value imo is .72. so perhaps we should be thinking in the range of 6-7 times EPS .84 - .98. just imho.
It's time to get project in hand structured/financed and sp will take care of itself. All we can do from here is watch on and wait and hopefully things will come good. There is very gain in speculating on what if etc. Just sit back all and wait for contracts materialise and we will all be winners. Good luck all.