RE: share price22 Sep 2017 21:49
Hi sbuild, originally they were going to release the results mid Oct, but have now announced that these will be released next Tuesday. I believe they have done this for a reason. Maybe to get the results out the way then perhaps announce an acquisition shortly after?
I think the spread does play a part in putting buyers off, also all the talk about takeovers. As we know the SP fell when they announced the BBSN potential offer. I think that the next time they announce something regarding an acquisition, they will tell us that they have bought something or have made an actual offer, rather than just talks. Also when they released the interim results it was a bit disappointing and the SP fell quite a bit. Perhaps some are being a little cautious and are waiting to see what happens.
The thing is, we’ve been told that we are now in profit, so I can’t see how the results would be anything but positive. Also any acquisition would be very positive, as this will allow us to grow, and management have stated they are only interested in buying profitable companies, which they expect to be earnings enhancing by year one. It’s hard not to get excited about the future prospects here, it’s strangely quite though! GL all.