RE: DILUTION in rms has happened in HALF only5 Nov 2020 21:55
Tam22 your question is valid and a good one....them taking rms down is understandable..due to dilution..even though i believe they also will be marked back up again....
but the drop in brh is unjustified..
one way of looking at it is like this...
our shares are not issued yet..when they are...310M ...then they will adjust the shareprice...
310 x 2.65 = £8.22m = 24p shareprice wise for us....
basically they should add 24p just for them 310m shares .....54 + 24 = 78p...thats with rms at 2.65p.......even after this we our other assets/project they are only valuing at ....78p -39p = 39p...=....some £14m m/c
£14m for our tests / nexus project / kirkstall / phasefocus /gyrometric etc etc....is not right still undervalued in my view...