RE: Valuation27 Jul 2019 19:28
Given the ping pong valuations, we are all guessing. I would love anything over 41p. We have the reserves, Cash in bank, TAX BREAKS, the OBA and all licences not yet utilised to factor in to the final price. We are not a one trick pony.
What we do know is that 37p seems to be what the company wants as a minimum given the recent valuation...I do agree with most that in time this would be much nearer £1, but we don't have the luxury of time.
To have no debt, producing assets, cash and profit positive, increasing reserves, super major farm ins, TAX BREAKS and the OBA.
If a bidding war were to come, then who knows. But 60 odd pence could be possible.
There is a chance that no further bids come in to the satisfaction of the bod, but I doubt it. If that did happen we could drop back into the teens.
I'm looking forward to the unfolding saga and eventual conclusion. On the balance of probability the sp will be higher than current so LOW RISK.
Good luck all I hope we all prosper from this situation.