RE: Timescale12 May 2024 08:39
You appreciate that a listed company can’t put out an RNS stating it is in talks with various parties to sell assets of the company, that it continues to hold constructive talks with third parties.
You appreciate that advisors to the company have to substantiate the wording and claims of any news release before issuing to the market.
Ultimately the directors are the biggest shareholders, they stand to benefit the most from any potential sale.
Please before anyone starts with the ‘lifestyle’ company line, have you actually looked at the salaries being drawn, it’s nonsensical judgement.
Like all genuine holders I totally share the frustration felt, having held for a number of years.
Unfortunately we aren’t going to be informed of any developments until or IF a deal is complete. The market has changed fundamentally from 2.5 years ago.
I’m sure potential buyers are attracted by a price now that couldn’t had been envisaged 2.5 years ago, but the war has created its own issues that has delayed a deal.
Wars don’t last forever, and in 6 months this will nearly had been 3 years. Perhaps potential buyers believe that the conflict will be resolved in the next 12-18 months and that now is a time to make an offer.
What does an offer look like now? ……..13p-22p? Two years ago these prices would had not been entertained. Perhaps the BOD still won’t entertained, but that will only be because they have a better option, unfortunately we aren’t privy to that.