RE: Update8 Dec 2023 22:03
@Jamrock After carefully considering your previous statements about company takeovers or buyouts, as well as the current share price, I have realized the importance of assessing my position and deciding on the next move for Penny & the posse.
First and foremost, it is disheartening to see the decline in the share price. However, it is essential to acknowledge that MHC Plc does not have any historical data or a record of a low share price.
In terms of risks, there are a few factors to consider:
1. Further consolidation of shares: This seems unlikely as the company has already undergone consolidation and repurchased shares.
2. Possibility of the company buying back shares to increase their stock: This strategy may be pursued if the company is still profitable, which would make sense.
3. Potential buyout by another company: While this remains a risk, it is improbable given the CEO's plans for the company.
These are my thoughts, but with 52 million shares , and company on profit , I feel happy