Bad timing23 Feb 2018 15:58
Those who have sold all or part of their holding may have lost sight of what this company has built and what the future holds. Many have the view nothing will change in terms of share price until the appeal is concluded and the market releases its limitation on risk. I can't say I am a follower of this hypothesis, partly because the risk imposed does not cover the whole of the companies commercial dealings. Only 15% of the entire gross turnover of the company is in dispute, and as more contracts, immerge and more contracted companies produce revenue, the percentage risk diminishes. Already the market has over risked this company, regardless of litigation and at some point soon that already undervalued realization will have to be rectified. I can see two possibilities. One from the outcome of the 321 hearing at the and of March, and one from the final results, also at the end of March where break even is expected and the overall state of the company is revealed. So this really isn't the time to sell. GL all, IMOO, DYOR