RE: Prospects14 Feb 2015 01:04
Hi Johnny'
I would imagine that the new CEO, Patrick Walker, will alter the goalposts for revenue for 2015 & maybe use Charlie Muirhead as the excuse.
They are pretty confident of achieving £8.5m for 2014 & the final audited results will be released in Mid- April.
It's not uncommon for this type of IPO to rise above the launch price (60p) & then fall quite dramatically (ie: FDEV, KWS, etc) before regaining the losses.
As you know, between them Woodford, Invesco & Vesuvius have almost 75% of the stock... & I expect that they will be in this for the long term....
... what would be worrying is if they start offloading!
Best regards,
Blue