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More sales after 2 decent buy orders.We are in someone's sights.This is good news because once SD has been finalised the financials will be out in the open and a bid will need to be much higher than the cash element.So fill your boots at 4.2p
Using the 75% threshold rule SD proceeds should be at least $11,thus making the total cash proceeds represent 63% more than market cap.Unless my calculation is wrong I have never heard of such a situation and I cant understand the current share price .
The persistent sales ,although not huge,seem to be part of a plan to undermine confidence despite the facts.The only point would be a preparatory tactic before a bid.With cash in hand almost certain to be higher than market cap then they want to buy SDX with its own money !
In 2022 the net operating income for Egypt was $8777 so we can expect similar for 2023.Is this cash within the SDX Group or is it within the subsidiary companies being sold. None of this cash has been repatriated,I think, so I hope the former
Anyone concerned about performance here needs to look at the long term performance ,10 years brilliant and short term 6 months brilliant.It has a risk score(FE) of 225 compared to FTSE All Share 100 so be in no doubt about its risk profile.But outstanding performance only comes with risk and no long term winner has fared well over last 3 years because since December 2021 risk has been avoided until last few months.If you want to succeed buy a portfolio of outstanding long term winners and stick through thick and thin.Ignore the big winners and most markets have gone nowhere for 20 years
As the sole individual shareholder at the AGM ,the whole BOD encouraged me to contact them personally and William gave me his personal email address following which we have had various conversations.My previous emails to him did not ask for a response but gave him my opinion on lack of communication despite Daniel promising to improve this aspect in his October video.I hope William does reply this time but I suspect news is imminent ,which will hopefully repair shareholder relations.