Final thing to add- free float of 50% (DBAY ownership) is 180M. Friday's volume was 90M and similar the day before. On average the daily volumen was approximately 50% of the free float. DBAY at a 32p average minimim aren't going anywhere. Decide your own SP valuation..
Guys my average is 11.5p and I'm very confident about the market correction. The action of the ii's have destroyed the valuation. What we have is a very rare opportunity to make significant gains. Wincanton MCap is over 300M so there is a serious disconnect going on at a tenth of the valuation. Massive trades significantly over the Ask at the close of play on Friday is testament to this and an indication of the MMs intemtion. Plenty of market buy orders in wanting your shares on the cheap. PIs were being robbed sub 10p on Friday til fill buy orders. TPN purchase is greater than our MCap. Work it out for yourselves guys
The market had ESL all wrong. Investment case.... TPN partnership activates on Monday (paid £44M). AXA out. Tinkler out. Poss Milt out too - RNS?...check james wood tweet from 10:20ish. Small accounts £2M accountability discrepancy. £800M revenue. 51% bought with sticky hands at 71M valuing at £140M Great British brand that also hauliges for infrastructure and construction projects (H2 anyone??) MCap £40M (TPN bought for £44M) Oversold undervalued and misintepreted Majors now circling. Serioud re-rate now in progress...
Supply and demand and this is ridiculously oversold and undervalued at £40M for Eddie Stobbart. Sit back and enjoy. Goodness knows what the price will be Monday morning!!