IMHO we wonβt see 30p until JP pick up another 5-6% from Parvus 4.99% and 1% off market. Then I think they will let it loose and we see an offer come in at around 75-80p.
Morning all. Popeye I think you are spot on I think we will see an RNS from Parvus saying they are out in the next session or two and another from JP advising they have added the 4.99%.
The debt burden has been paid off by a quarter since float. They could have paid a lot more off if there were not redemption clauses so they did the best thing they could at the time and bought back shares. These guys are laughing now as they will be able to renegotiate their debt and crazily low levels. They are earning more than ever free cash flow the debt is not a problem.