How to raise this - well there are a number of properties valued well over £200 million in total so selling 1/2 assets if necessary might be the short term solution even if it damaged the NAV (.is 34p). Cash flow will assist especially without paying dividends for six months but as I said this is factored into the share price.
Most PI.s who wanted out (and remember this share has been off the radar for most P.I.s until today) probably sold either before these results or today. It was held down today - just look at the buying volume! The currency hedge is an issue but exchange rates can move both ways and the company has until October to find a solution. I'm not saying this isn't high risk the surely the share price has all these uncertainties factored into the share price? Also the company indicated it was a temporary suspension of the dividend payments until the hedging issue is resolved. So I think there would have to be more bad news before 2p can even be considered!
Do we know if Alpha own this investment manager or is it an in house investment manager ie. the company has techically brought back its shares? gla for next week
Will look at CRES thanks. Ayana1 not into TA much just the day job deals with pension fund portfolios so got a taste for share investment early on and maybe I have started to get the feel after many years re timing and risk/reward - been a bit painful on the way with pently of bad picks (energis/aat/och) but the trick is to have a decent number of shares and not have too many really high risk ones gl
It had an update earlier in the week and might be more funding/dilution down the line. The plus point is that there has been stakebuilding pre RNS so I wouldn't be surprised to see a low ball t/o offer - one to watch gl
Might have to wait to next week for this to move back up but I'm sure it will. Don't have much funds either after the HHR open offer payment - will be over GC this weekend for which shares to look out for next week..
Thanks but always do your own research as well. IMO there are probably 100 AIM/small cap shares sitting near historic lows ready to re-rate on the right news so keep your eyes on the following as a few examples of potential multi-baggers (avia/bbe/brdy/ecr/kibo/cool/spgh/tpj/pfp/sty/craw/dcd/ntbr/prs/mir) I dont hold all these and a) they are higher risk shares and b) not all might be here next year! This is just scratching the surface and a good place to look for "heads up" is the general chat page were riddler/kira have their own threads gl (this will re-rate but might take a few days)