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Long time no post. I happened to stumble back across the board and am surprised it’s still alive. What happened to III, Symore & Devex? Interesting there is still so much optimism here after all three years..and I have been a very long term holder. I have personally written this off completely and don’t expect a single penny back. The way shareholders have been treated by this company is scandalous. Don’t expect anything to change now we are private. Happy to be proved wrong but my gut tells me we were toast years ago. ZM&SN are just AIM crooks like the rest of them.
0.42
Absolutely. It’s time us LTH we’re rewarded and I will be topping up next week also as sentiment has now turned and I believe volume and SP will reflect this in the coming weeks....or months? How long will the wait be? I believe any delay will be geopolitical at this stage but the mere anticipation of news should result in a re-rating.
Can’t wait to see what unfolds and i don’t plan to sell a single share until we are into the ‘pennies’ but even then plan to topslice as I believe FRR will be even bigger in 3-5 years..or cease to exist ;)
That is an incredibly optimistic target price within a 12 months...DEBT is the reason why the SP is not moving large amounts despite positive RNS, and that will not reduce easily within the next 12 months, 2-3+ years possibly...
Down we go again....growing frustration!
Also, assuming current activities, can we expect the SP to reach it all time high and above within the next 3 years? I am hoping the SP will easily exceed its £5.80 high at some point...
I always find these broker targets interesting! Do these target prices normally have a timeframe? i.e. within 12 months?
Great to see movement in the SP! I wondered why the price went so high up to £5.80 in the first place? Based on our current fundamentals and levels of debt, what are the chances of us reaching this level or dare I say higher in the future(3-5 yrs)
Goldy7....350p sounds high although wouldn't be complaining if it reached this in the future. I think Essar is in a better position than when it was its high of 580p and I hope it can be reached in 3 years... Other people's share price predictions?
I've been a shareholder most of the year and have been frustrated by the lack of SP movement. The fundamentals may be there, but so will Indian politics and bureaucracy. This is the main stumbling block to progression in India and they do not like companies like Essar. I can't help but think there will be another major stumbling block in this companies progression. I have no doubt that the SP will increase at some point, but not to the level or rate I used to hope for. I am disgruntled. Bah humbug.
I feel the same....getting very frustrated with this share now. Despite the tax issue and recent update, the markets still don't buy into Essar. I think they realise Indian politics is very volatile and there needs to be a period of consolidation and good results to see this Sp rise. Am losing my patience though....has anyone got any positive vibes on the current sp movement?
Nice to see the tax issue behind us. I wondered, based on current fundamentals, what people's views are on the SP in the next 6-12months. I am hoping this will reach its high of 420( I think) at some point in the next 3-4 years. Do people think this is possible?
Any Xmas predictions in share price? Good to see you back matrixmark & maddog
Now the tax issue is almost behind us, can we have some sensible share price predictions for 2-4 years? I recall MatrixMark agreeing that this has the potential to reach new heights of £3-£5+ I cant help but feel this share will continue to be volatile due to Indian politics, but hope this volatility is on the background of bullish rises due to India's long term growth. Sensible thoughts and suggestions please?
About time! Im assuming this is due to the favourable tax outcome? Maddog69, good to hear from you pal, what do you think to THR? Matrixmark....where are you?!
Great posts guys and an excellent summary from rubberbandman. The SP is depressing and how broken the support level of £1 today with the expected level at 75p :s Where do we see this share price at the end of year?
Jalaram aside, do people feel this will drift below 1.00 prior to next update? Getting very frustrated with Indian politics at present and this is the problem that Essar will always face.
It seems like the markets never like Essar...I wonder what the SP will be like at year end? Any thoughts? Getting frustrated with the stagnant and now dipping SP
...last link not working? I am hoping for positive Q1 results to get this moving in the right direction again!
What is the significance of the latest RNS? Will there be a more substantive RNS in the next few days to confirm the exact details of the repayment? I am hoping this will signal an upward turn in the SP and move into the blue. Thoughts all?