Potential share price29 Jan 2024 09:07
Best way to compare share price, From2020 to 2023, outstanding shares were as below.
2022 2021 2020
Ordinary Shares Number 621,391 615,499 496,893
no of share increased is roughly 25% from 2020 level and share price was 20 P during 2020-21 period so if we consider equity increased with business prospect, back in 2020-21 all business was on paper and no results but share price was approx. 20p average. Today we have better business outcome and something constructive came out on which business can be build solidly. So if we consider equity increase of 25% , share price today with better business prospect should be around 13-15 P which is more reasonable.