Current Situation & opportunity17 Nov 2020 20:00
So BRH have almost completely divested their full investment in P2F, a move that has been telegraphed since the selling of the business to RMS.
As an investment company this is what they do - congratulations and good luck with the new projects - I would suggest the original investment of £2m to get a 5 min covid test to market was not enough and more funds were needed to get that to approval hence the opportune sale of their stake here.
As an investment company they are looking for the best bang for their buck. They made a very nice return here and most likely believe the chances of 5 bagging from here are not as attractive as a fresh investment elsewhere with a potential 20 bag. As such they have moved on.
By selling out they have effectively been removed as an obstacle in the future as their bloc holding has now come into the freefloat and been taken up by new investors. The weight of their selling over the last few days should, if not already, be almost cleared and with the confidence on offer from Gareth and his media journey of the last few days, I would suggest a revisit towards 4p will be on the cards as we await further news on capacity increases.
The sooner Gareth appears on the board the better. Paul Ryan has had a very profitable few weeks and hopefully his opportunistic actions will be reflected on his position at the company. The story is in tact and I would expect news flow in the coming days/weeks to re-ignite the momentum.
Any dip in the morning will be a great buying opportunity but I honestly can't see the Market Makers giving investors the opportunity to pick up much stock at lower levels. Remember there are plenty on the board who will talk it down for a good entry so play the game as you will
Good luck and each to their own.
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