Cross your fingers if it makes you feel better, I am happy with just seeing the share price increase everyday, the anticipation of an airline offer, the trolls becoming ever more desperate in their posts and other potential bidders coming forward for the whole of TCG.
Shorters increased there percentages on the 20th of May, likely having read the Standard Life RNS, since then from a share price 8.55p the share price has increased 45 percent to 12.40p, it might well be that they have closed their shorts today. Takes one or two days to show up.
Shorters ARE getting caught out.
Total Assets 6,569.000, Total Liabilities 6,278.00 = net assets of 291 million
Cash/equity 357.045 million
Total 648 Million / 1535850000 shares in issue is around 40p per share. Now I fully appreciate that we have just had a write down of over a billion pounds and part of the total asset is made up of goodwill and intangable assets etc but 12p? Soon as we receive an offer on the airline I think we are looking at 20p – 24p plus IMO.
Looking at the 5 day chart there was a very short rise/fall around the 13p area before it got to sub 12p, it looks like we are hovering over this area again on the way up, soon as we get through that it should sit in the 15p area, thereafter was straight up to 20p