RE: Surfi's post13 Sep 2017 09:16
Honestly can't believe I am bothering replying to this.
So you think AMP is a "multi bag" potential because it's such a guarantee for Motif to quadruple its share price from here? Exceed even the pie in the sky / paid-for corporate broker targets? No accounting for dilution if in getting itself to that Market cap, Motif dilutes AMP into oblivion (its too broke to buy to maintain its holding - its instead selling because it needs the cash!)? No accounting for the selling down of its holding to keep itself going now KMK is all sold, and what bucket shop would even touch a company with a Net Asset Value of NEGATIVE $5M? Not worried about the fact that the "so called 30m debt" as you call it, which is $30m / £23m (don't take my word, read the financial statements), is a current liability, and by definition due at the end of this year (3 months or so time). Nor any concern for the debt being continually incurred and increased as its up to its eyes in financing costs, bloated salaries and bonuses, and has no source of income besides draining its assets?
I give up. You've gone from now telling me that £3m is fair value based on MTFB holding less loan value, to now telling me that that's been corrected, that the debt is a "so called debt" and when Motif quadruples AMP will be laughing. Be interesting if it even holds any shares in MTFB by that point. I'm a huge fan of Motif and think it will ultimately hit the sort of numbers you mention; but AMP and its cronies are a parasite and Motif will be the better when their affiliation with them ceases. As in the case of Celgene. All IMO. Best of luck to you, honestly.