RE: 50k buys29 Apr 2025 09:27
I might add to my 13p shares
Of course some will be absorbed via fees etc but there is somewhere in the region of 30-35p per share in cash
Therefore 13p seems a decent risk/reward with charts and sentiment at all time lows
>Cash at last accounts c £5.9mln (see below)
Cash and cash equivalents
5,928,453
>Then £11mln asset sale
"ntended that the proceeds from the forthcoming sale of the Execution Only Business will be applied to general working capital for the Group and any excess may be returned to shareholders,"
>Potential for another dividend in May 2025 of 1.5p
> at last half year report their EPS (earnings per share 4.5 pence
> charts oversold after falling from 40p to 13p
> the process won't happen for another 9mths-15mths so plenty of scope for developments
> there has been a buy taking off the probable sellers as shown by the 50-,100,200,400k trades
Each 400k is 1% of the 40million shares in issue