RE: SP27 Jul 2022 05:47
I remember when the share price was in the teens (pence) after the Cadillac CT6 RUMORS and the hypothetical European regulations... fast-forward to today they're in 50 times as many car models, airplanes, trucks, trains, and CATS... plus actual regulations in Europe AND America ... but the stock is almost one third the price.
It's very simple: the company does not prioritize shareholder returns. The company does not care about liquidity nor optimization of valuation.
That said, I bought more. Averaging down sadly. I just want to make sure I make money if Magna has some sort of back door option to buy the company in full at the 11 pence it paid a year or so ago. We'd never know because the company doesn't tell anyone anything.
As an aside, a dual listing could be fruitful like it was with GWPH, but that was dual with the main LSE. AiM is all about diluting shareholders.
Fingers crossed for next week. Give us some positive guidance along with the financials!