RE: 1523 100k is a buy1 Jul 2019 18:03
This is a very controlled rise. We saw the obverse of this in the last couple of months, down from around 10p to 6.2p on the bid at its lowest. I still believe that, due to the small free float, there is relatively little retail participation day-to-day as we slowly recover, compared to MM and broker activity. This will change if and when we start hitting six-month or year highs on the back of what us holders hope will be a positive news stream starting soon.
It's worth stating a few facts once again: we are still at a discount of about 20% to NAV, and perhaps 40% to historic share price against NAV; we are currently at about a 30% discount to the last placing, and almost 50% below where Abony sold a large tranche of shares to Saladino.
There is plenty of room for manouever yet, particularly if the NAV at Finals comes in with a decent mark-up in value to Leap and perhaps others, and a forward-looking statement that incorporates the recent Juv raise and portfolio plans.