untrusted but undervalued22 Oct 2014 11:19
Two years ago an announcement like this Samsung deal would have added 30%+ to the BGO share price. Today's lacklustre market reaction suggests that investors no longer believe that BGO can turn these contract wins into commercial successes. This view, with which I disagree, has been leant credibility by the house broker's refusal to provide the market with forecasts. This is no longer an acceptable stance for Cenkos or the board to take.
It's been a long-haul for management and investors but I believe that BGO has now created a hugely valuable strategic asset that is capable of delivering profits and cash to more than justify todays's c£55m capitalisation. That said, the share price is unlikely to run ahead of the delivery of any meaningful figures so, in the absence of bid, its going to take yet more patience!