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Totally agree - Prelea has let PIs down in the past but I'm sensing this is a new dawn... It's my last chance with him (I'm giving him 6 months) after which I intend to cut my losses and walk away.
GLA especially fellow LTHs
I haven't invested because of Myles McNulty - I've invested because of the potential in this share. That said, I am absolutely welcoming his investment and his belief in the business - he is a big hitter and has more experience than many on here.
If it gets past 150 there is no stopping the re-rate. Over 3,500 employees, a major brand name and only £200m market cap is nuts.
I saw exactly the same with Tullow when it went to 9 and is now on 60 :-)
I'm adding and will continue to add if it falls further. If you're trading this then you must be in tears, if you're investing then you will have known this is a solid medium term recovery play.
https://www.telegraph.co.uk/business/2021/03/13/hedge-fund-may-cut-crisis-hit-gfg-deal/
Agree with some of the contributors here - there are many possibilities that could unfold...
GLA
At least a big seller is out though some may have followed him in here and may sell. Those with some modesty of independent thought will still remember their initial reasons for investing and the fact that this has a market cap of under £2m.
Something brewing in the background...?
Whether it's 75p or less or more; the main point here is this currently has a market cap of £25m for a business with a desirable retail portfolio and is massively undervalued IMO. This would be an ideal target for private equity - strip the fat, invest in a modernisation programme and new systems and return it to profit ASAP - then offload in 3 years.
GLA. You've seen Micro Focus and SAGA jump in recent days, I'm expecting something similar here.
... during 2018 and 2019 so the re-rate has some way to go yet. With an extremely low float and a new leadership team in place, I'm feeling confident and so pleased this is re-rating to a normal value. It's still a joke that the market cap is £3.5m. The bigger data/AI marketing agencies are valued in the £billions.
With billionaire former Conservative Party Chairman Lord Aschroft owing 25%, we're in good company.
GLA. DYOR.