Some very crude observations20 Jan 2014 10:30
I was previously invested here but got out in double figures. I have been looking here again, and also at the Igas transaction which appears to have been a great deal to get paper rather than cash. Looking at the related RNS, the Igas shares (4,084,198) that Trap received on 09.12.13 were initially valued at around £4,288,407.90 (using the Igas SP high on that day of 1.05) . Value this holding now using an Igas SP price from today (SAY 1.59) and Trap now have £6,493,874.82 of paper value, thats a cool £2.2m gain in just over a month. Realising this value is another thing but I just found that interesting. I think this SP could well re-rate this year at least back into the mid teens, and it could well be a takeover target at some stage. I'm interested in coming back but for the moment keeping an eye. ATB