RE: This is Money17 Jan 2023 20:55
It is looking dodgy, just because magna whack in 10m at 11 or whatever will come is a little irrelevant because that is not their directors money.....that is business money so if things go pete tong, they shrug their shoulders and move on.
Anything can happen, another covid, a bigger war, a monster recession and hey presto, the 3 or 4 years you were looking at might turn into 10 years and if that was the case.....see as a business would be in big trouble.
In 2018 this share hit 12p off a much lower mc re the shares in issue, it was in a perfect position. Now its easy for the bod to claim that the major shareholders did not want it but im not so sure.
I would not say that they are in such a good position now and the risk is definitely greater. It's easy to think that as long as they get a lot of business then all will work out fine but thats only half the battle!