RE: Kread is no where to be seen28 May 2025 13:44
Kread aka Lurker is over on ADVFN trying to introduce some reality into the conversation.
The current market value of Mast Energy is ยฃ3.2 million at 0.75p per share.
Based on a 40:1 share consolidation (426,354,067 / 40) there would be 10,658,852 shares in issue post consolidation.
Assuming the full ยฃ5,000,000 is converted then a further 125,000,000 shares will be in issue (total 135,658,852).
0.75p x 40 = 30p.
135,658,852 x 30p implies a market capitalisation of ยฃ40.7 million, madness!
If sophisticated investors are willing to pay only ยฃ5 million for 92.1% of the entire company then this implies:
โข If 92.1% = ยฃ5 million, then 100% = ยฃ5.43 million
โข This suggests the entire company is worth only ยฃ5.4 million
โข On this basis the correct valuation is 80-85% less than the current market price.
Personally I have sold out at a nasty loss but I am grateful for the bounce !