RE: so13 Mar 2021 13:16
Numptytrader- this share has a good future if you bide your time-and don`t trade as your moniker suggests.
Value will be added to the business when the deal goes through-it is "expected this quarter"
We know we have some business coming from the warehouse provider, either interim business and/or a full on deal.
We know that the SMA products are "progressing"
There may be further acquisitions in the pipeline to boost AUM. I would personally want to see deals signed with outside investors to bring confidence and credibility to the company. As I have said, I don`t trust these guys 100% but will give them a bit longer as we appear to be now gaining some momentum.
I would think that the people who took part in the placing will not be the sort to flip at a 10% profit. People who invest in financial services/funds/insurance take a longer term outlook as opposed to those investing in oil/gas explorers, which are ever too popular on AIM. (Not us as we are listed on the LSE)
We seem to have business in the pipeline, but we have had for some time now and it should start to convert to the bottom line. That`s my gripe, Covid or no Covid, the company has taken far too long to get off the ground. GS has come across as petulant and non-caring towards shareholders. Some of my email exchanges with him in the early days bordered on the banal and he never answered any question fully. A telephone conversation was the same, so I eventually gave up.
Back to business, GS will have shown what the future holds to the investors and where this is going. They would not invest if they were looking at making a few quid. They will be in for the long term and the more serious money.
I expect that once the shares are listed, the news will come thick and fast over the next few weeks/months.
Getting to 6-8p should be easy, after that, we need the bigger institutions to buy in.