Member Info for Everoptomistic

Bought in just under a quid a couple of days ago. Looks like Brown Shipley & Co may have sold up completely now.
Business has been hard hit but even so this looks good value with such a large cash pile. Could see 150+ short term in my opinion with any positive trading updates in future making it worth 200p+ I reckon.

Happy to see the market makers take 111p from sellers and the price staying stable. Not sure why people are panic selling at that price but it takes two to make a market I suppose.

Paid €500,000 for it a few years back.

From what I can tell they would likely to be more than willing to sell this for a few quid to ORM.
This is from the admission document, can't find anything more up to date tho I may have missed it.

"The Company currently holds the following mining assets, none of which are considered to be material to the
business of the Company:
• a joint venture arrangement entered into with Ormonde on 14 March 2011, in respect of gold and tungsten
exploration projects, through which the Company holds a 56.5 per cent. interest in two permit areas in
Zamora province and a 51.4 per cent. interest in two permit areas in Salamanca province, both of which
are located in North-West Spain. Ormonde is the operator of the joint venture and the Company has veto
rights in respect certain operational matters due to its majority ownership of the interest;
• a 20 per cent. equity investment held in Morille Mining SLU, which is focused on the exploration of
Tungsten assets; and
• 715,000 ordinary shares held by the Company in ASX listed Infinity Lithium Corporation Limited.
It remains the intention of the Company to dispose of or enter into another arrangement in respect of its currently
held mining assets over the coming months.
It is the intention of the Directors to continue to implement their strategy of building a UK-based group providing
digital resilience solutions."

£74 million valuation. So many billions of shares it's hard to keep up.

Valuation on this looks crazy. £65million for a company that looks like a dodgy pawnbroker for desperate companies.
UK government selling bonds for negative rates, money sloshing round everywhere. Why borrow at 8% and stump up a deposit unless you're truly desperate.
They may well find some takers but the default rate from these companies will likely be very high.

If it's so cheap why aren't directors buying hundreds of millions of shares. They didn't take part in the placing either.

I agree, this year will be pretty terrible but thats why the share price is £9 not £26.

I did see pictures of packed planes flying from Belfast to London so I dont think it will be quite as bleak as you say, but still pretty dire. Will await news in results with interest.
Much depends how long a timeframe everyone has as an investor and how much is priced in already.

Looks as if the seller may have finished, for now at least. Maybe see a big delayed sell later....tho I do reserve the right to completely change my mind in half an hour:)

This is a very good update.
looking at EPS at least 11.5p so sitting in a very modest 10x P/E
extrapolate last two moths trading to full year and FRP revenue could be £69 million. EPS probably around 13p so P/E of under 10x

Begbies on 2020 P/E of around 19.5x and 2021 around 16.5x (tho it may well beat current estimates)

if FRP traded on similar multiples (obviously a big if) then would be looking at a share price anywhere around 220p

id imagine a couple of broker notes will help, as its still very much under the radar.

must be a distressed seller dumping at any price.
I bought some at 960. website open, 30% of shops open (post office) even a few airport shops open. high street shops should be one of the first to be able to open nationwide again very soon.
obviously this year is going to be a mess but should the price be discounted to such a large degree compared to businesses which have been completely shut down since end March and will be lucky to be open again by July.