Very positive day...the increase in revenue no doubt takes pressure off the large trade receivable amount....this figure should gradually reduce as SYQ expands and increases power on its debtors. In my eyes the MCAP is enormously undervalued and expect it to retrace towards the £1 mark over the next week. GLA
Iv heard the word 'placing' thrown about on this board in the last few days. Can anyone shed light on why this is expected?! From my understanding they seem cash heavy and have a large figure of trade receivables. IMO this company has a great business model that seems to be heading in the right direction from a financial point of view aswell. I invested in this company a couple of days ago for a long term point of view. Obviously the large delayed sell has caused a mighty drop/panic which I'm expecting to be bought back up in the next few weeks/months. With such a small number of shares in issue and a company heading in the right direction this is a no brainer for me. Just be patient and reap the rewards :) GLA