The Proclaimers19 Dec 2024 08:51
Over 50 million shares in issue, yes 50 million. Market Cap £5 million. To get back to 85p the market cap would need to go from £5 million to £42.5m - very unlikely. Probably a bit undervalued - investors may see 20% gain next year - taking shares to 12p. However 10% spread between bid offer puts you immediately offside.