Fairly priced22 Dec 2022 11:43
Current sp of 1.7p fairly prices this company at present in my opinion. MAST currently only have the one generation site generating 9 mw of power, they promised 2 years ago to produce at least 30 mw by now. No other sites are currently under construction. They bought the Bordesley site without realising there was no suitable gas connection, They changed the specification of Rochdale but found the site was unsuitable for the change of plan so reverted back. MAST was spun out of KIBO who own loads of MAST shares. KIBO is also strapped for cash so as soon as MAST share price rises it is hammered back down by KIBO`s aggressive selling. Management has been extremely poor, I hope the new CEO is better. I liked the idea behind the company which is why I bought shares, but this has been a disastrous investment for me, I should have sold last year when the failings of the company were apparent. Looking at another 3 years for the share price to be up around 14p I think, and that is only if the plans actually deliver.