RE: Moving5 Jun 2020 18:34
Only came across this today and took a position.
Sector average P/E of 7.8 and industry P/E of 10 compared to the companies P/E of 3.4 provides significant additional upside from today’s closing price.
It was very difficult to buy shares in what seems to be a tightly held stock with a strong shareholder register. Directors have significant skin in the game which is another tick.
Listing on an alternative exchange will help realize significant value and will raise additional cash to help with further expansion. From what I can gather we will receive 10 days notice before the transfer takes place at which point the details of the exchange will be made apparent and the price will reflect that.
Interestingly the loan notes are convertible at 5p on completion of the transfer, you can be assured that just like other transferable loan notes, these would be transferable at a discount to listed price.
Imo we will see considerable upside from here, but all will depend on how much they are looking to raise with the new institutional shareholders which must already be on board.