MTMY,29 Jan 2019 21:14
Ist Tee we!l done on your success here,you like many bought in when the stakes were actually very high,and it certainly paid off.Good luck with your future investments.
Up to today we were buying into a high risk stock dependant on the BHs decision,it could have gone wrong,now that the uncertainty has been lifted expect the less risk averse to invest into the company with an undoubted recovery play.
Where this ends in term of valuation is difficult to accurately gauge,it's obviously dependant on what value is attributed to Team Internet.
By virtue of the investment by MTMY for the final 10% tranche purchase from Rainmaker at $10M some would argue TI is therefore worth $100M,but then why would MTMY then sell at that price,IMO they certainly wouldn't.
We've been told of two offers on the table,and they've stated one is appreciably higher than the other,logically any future sale will be higher than what the company paid for it.
Finer detail in the RNS,as they've had the meeting today should further give confidence to the market tommorow.
Personally sitting on a near 100% profit,but am staying put until a realisation of fairer value based on the above.
Each and everyone of us have differing viewpoints,and it's not wrong to share those points on this board.
Regarding tommorows guestimation,that all depends on the detail in the RNS,were now sitting at ,£11.7 M Mcap,
Clearly in my opinion given the NAV of the company there is significant upside,that's why I'm holding and am hoping for substantial returns from my accumulated investment.
I've always stated this company is a great recovery play,and with today's uncertainty removed there's absolutely no reason for the share price to attain a fair value.
It wouldn't at all surprise me within a few weeks we are informed of offers for TI,never rule out a bidding war,it's a great company and am going to hold slot of stock for that eventuality.
Atb