RE: TF Acquisition28 May 2021 15:22
Valuation? three times turnover, profitability, Growth potential, good will, etc etc.
IMO Company valuations are bonkers and have been for some time.
Take Hertz Real value 1.7B, Market value 1.17b not bad for a company recently doomed by the pros and 2-bit pundits, most importantly remember it was saved by shareholders.
The TF negotiations will have started last year. Continuing right though the period of suspension when many shareholders lost the plot encouraged by plethora of agenda-based pundits.
The bottom line is how much the buyer is willing to pay.
Bearing in mind the future arrangement structure for all parties and personnel concerned, TF is a good deal for all and that includes shareholders.
Accounts:
It will undoubtedly be attacked but I’m confident on TF news syme have enough cash to fulfill their objectives in the short term until contracts are inked. At this stage that’s what matters.
Time period: June the longest day of the year and for some the longest month. From then on, it’s a monthly update. (not often you get that frequency).
SP current: Day traders dream. Long term investor, IMO, sleep through it.
SP after first monetisation : UP (A LOT).
The SP will catch a lot out, but it will give late arrivals and those wanting to add a chance to invest as the monthly updates come in.
No risk no reward so 1p or 50p, farmhouse or flat, whatever your aspirations, best wishes and good luck.
DYOR.