Personally I’m just here to trade the confirmed payment of £400k tax credit RNS when it comes, it is overdue now and my assumption is that it will be announced before end of Q3 and a sudden interest in Val will pump the sp to a ~£2.5-3m Mcap.
If any other positive news comes out beforehand that’s a bonus.
I thought that was the case, I was looking at the fee details I found ( link below) but wasn’t sure if I was reading the right thing or what charge applied to Val, i just thought it just was a bit of a strange line to add to the rns if it was only a few grand, almost like they want to create doubt or spin a negative into an otherwise positive rns,
Is Taking its time. Google says within 28 days, Val is not what I would class as a large company.
“HMRC aim to make payments within 28 days for SMEs claiming research and development (R&D) tax credits. Corporation Tax repayments can be much quicker, and sometimes come through within a week of your claim being filed. Large company claims usually take longer to pay due to the greater complexity of their business”
Just over 1%, half for trades, half for longer term.
I know it’s not their plan but when it could theoretically payout the Mcap as a div and still have cash left, or buy back 20% of the companies shares for <£400k and create one of the biggest squeezes going and have cash left to keep running.
I know that’s not the plan and the bulk of the cash may be spent on an acquisition (or it could be paid in shares).