RE: Hugely Undervalued14 Jun 2023 20:54
NBI - Good question, or an even better one would be - what price would shareholders accept????. I think that after the last 2 TR1's we have somewhere between 35 - 40% II investment - probably another 10-20% just under the threshold to declare - so likely still half owned by retail investors . Many retail investors will likely sell between here and £2 as the II's take positions.
The chart shows that Dec 21, the SP was 450+, just over a year ago it was around 200p. I suggest that the Company is in far better shape than it was a year ago Worries about the Government White Paper never materialised.
Between £2 and £3 would be my best bet, but who knows. Anyone fund buying and stake building at those low levels will only send the share price rocketing.