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Hahahaha I'd just assumed you were like 12 hours behind the UK or something, I didn't want to comment and end up looking stupid... If you thought today was Thursday hopefully that's a nice surprise!
Hopefully the dust has settled after the RNS' now, and it's time for their impact to be realized in the share price. Prediction is a jump up now then green for the rest of the day, hopefully closing around 0.018 but let's see!
I've seen a few people post that there is a huge net asset base (£635m at 31st Dec18) compared to the market cap of £50m. We need to be super careful here, there are £580m of intangibles in the balance sheet, which can often be decimated in the event of a liquidation as they are usually just goodwill. If this company gets liquidated there's no guarantee that there will be anything left for shareholders. These aren't assets that can be sold most of the time. And just to confirm, I do hold shares - £1,000 worth - I just wanted to make the point.
The case was Tuesday and Wednesday, no verdict yet but it will be published here - https://judicial.ky/court_search/#
Although on another note, surely the outcome of the court case will depend whether the company is a going concern or not potentially? So auditors can't sign off the accounts with that level of uncertainty anyway without saying 'material risk of GC', which obviously the company doesn't want.
Oops sorry I’m miles behind...
This was posted on their website earlier explaining the suspension. Nothing to do with the court case it seems?
‘Due to the Covid-19 travel restrictions to China, the Company auditors have been unable to conclude the annual accounts till date. As a result, under the required Listing Rules, the Company has requested the suspension of its listing until such time that the accounts can be published. When such accounts can be audited and published, the Company will request the exchange to continue the trading of its shares.’
Why would the shares be suspended? Are they worried the outcome of the case will be leaked?
Magman yes you could buy shares, i did 3 trades that went through straight away at the live price.
I can only assume there is a leak of the court result here, SP is shooting up, bid is bigger than ask on mine.
magmanus can you please just shut the **** up.
Hahaha nope he's done his day trading over at Icon and he's onto pastures new now... leaving everyone who listened to him behind
ffs Magmanus can you leave just one BB free of your uneducated ramping.
Thanks very much Mark, definitely agree with your approach on only leaving the profit in, I'm going to take a view as the afternoon goes on!
do we know what time the court judgement will be released?
Who knows what the pipeline is now... but I am thinking it is growing by the day and AZ has just realized that daily RNS' aren't having the impact on the SP that they should have. So I'm thinking he is saving up everything for a huge update that could lead to a re-rate.