I hope not everyone is here for an quick buck? This is a good buying opportunity IMO if you are prepared to actually hold for several years. The potential is massive and I'm tucking this away in my SIPP...
The first few lines of the results state "net cash 22 million euro" so perhaps if you are correct about taking into account current debt...the company should have been more clearer?
I got in at 30p late December and was thinking of taking profits but after all this recent positive news, I think I'll hang on. A decent dividend will be a bonus too.
We had decent results last time and the SP bearly moved so just because an update is due no guarantee of upward movement. It will probably happen when we least expect it. BTW I hold the share and remember it being 0.4p not that long ago and this is my personal medium term SP target.
I haven't read all of the RNS yet but obviously the market thinks the results are positive. I added on Monday at 157p on the hope of positive results. How many shares are there in the market on a PE of 4-5 and a dividend yield of circ 8%? Might even add some more!
I really can't see why a 1p dividend cannot be paid. We are talking of 25p earnings here! Do the BOD want to send a positive signal to the market and their shareholders, or not?