RE: Major share price rerate on even 10p dividend announcement17 May 2021 18:02
casaeurasia, my initial estimate in 2019 based on NPV, shares in issue, dilution etc was circa 30p. Considering we've been floating around the price mark for some time shows how resilient the share price has become. I'll definitely take it as a big +.
As for why the SP hasn't moved beyond it is down to two reasons in my view.
1. Sentiment, lots of people have made money on this penny stock and cashed in a tidy profit. I can't recall our published company valuation in 2018/19 and considering we've been having that many announcements and published articles, I won't even attempt to find it on google - that said, most people will be currently sitting on their free float and very few people will be chucking their life savings at the current price until we have a firm NEW valuation with rosego's assests built into the mix.
2. Is the sale happening? I think we're almost there but the market will remain cautious until it is confirmed. I've been in a similar position before and up until it's firmly announced about what the heck is actually happening, I expect to be hopping in the 20's for the near future.
My back of a fag packet calculations suggests that a sale price should be circa £1.20 to £1.80 but what the heck do I know?
Best of luck, i'm dying to cash in what I have left as i'm sure most of us are.