Dilution?27 Dec 2020 18:06
Hi Bobby, hope your enjoying Christmas. I think that is pretty concise. You can't argue the fact, the asset is world class. The asset is in a great location, EUZ have some extremely clever and qualified people doing the work. But you can argue business management is not great in regards to the share price. The RNS's have all been great, with each RNS the share price should of moved up.
The reason for this in my opinion is dilution, it happened before, we had consolidation which was great all was well, then like a bolt of lightning came dilution. Why? Here is the problem, why would you invest here? The fear would be further dilution, do this and an investors investment is worthless.
The asset becomes worthless as there will be so many shares and share holders there is no point in being invested.
If EUZ come out and said there will be no more dilution, we have plenty of money then I for one would feel safer.
This is the largest investment in my portfolio and I don't feel comfortable currently. I could sell, but I don't want to make pennies, I want to make pounds!!!! I will hedge my bets and hold for now a new year is coming with new hopes for the future GLA.