Firering Strategic Minerals: From explorer to producer. Watch the video here.
"The Board remains committed to paying special dividends when sufficient excess cash and capital exist after taking account of the Group's growth, investment and regulatory capital requirements at the time."
"They're called managers, lawyers and accountants. Also probably a case of " a bird in the hand is worth....."
According to Massarsky, they're getting it wrong and undervaluing every time.
It's the usual thing when anyone is asked the value of something. The first question should be are they buying or selling?
This is an interesting article.
https://www.synchtank.com/blog/money-moves-barry-massarsky-on-data-driven-catalog-valuations-and-drivers-of-growth-in-the-music-investment-market/
That's the concern. They're buying the assets for undisclosed sums then immediately writing up the asset value.
Massarsky is supposedly independent but seems to be promoting the business.
There's also the risk of scandals involving rights holders leading to devaluation of assets.
Must be another equity raise coming to pay for all these acquisitions. I bought just before a previous one so missed the slight dip where I could have bought cheaper a few days later.
I'm tempted to see if the same happens again and buy a big tranche as a LTH in my SIPP.