focusIR May 2024 Investor Webinar: Blue Whale, Kavango, Taseko Mines & CQS Natural Resources. Catch up with the webinar here.
The last 40 bagger on AIM that I was involved in was SOLG 1p to 40p. If ENET can do a similar move, we are looking at 10p a share IMO (0.25p to 10p).
The momentum is strong here so good luck to all of us, investors and punters alike-hope we all make money.
DYOR
Good reading in today's City AM as reported in the Sunday Times yesterday: https://www.cityam.com/cab-payments-chair-seeks-to-reassure-investors-after-share-dive/
Hope the SP reacts positively now that we have had 4 days of selling and red! Back to 60p and over would be good this week.
DYOR
Pashman,
I am very disappointed at how this so called "bid" situation was handled and heads should roll quite frankly.
It stinks of a ploy by warrant holders to get out on the spike with the liquidity that was created by the "fake" bid news. Why has the BOD not explained how 14p undervalues the company, why has the BOD not been buying shares on the market if the current 4-5p is so low and so on.
Anyway, rant over and I shall be selling up and wait for the "dust" to settle in a few months.
DYOR
Pashman,
Good luck to you...I see you have been in UPL since the sub 1p days -anything up to 20p would a great outcome for all holders.
Any RNS of a recommended bid or another bid would be great. The warrants have churned well with the liquidity the past few days/weeks so hopefully no more brakes when the SP gets going.
DYOR
SEC looks like a credible outfit, will they come back with a 20p bid if 14p is substantially undervaluing the business?
The techs look good for a breakout from 3.65p as the SP has filled the gap down here and consolidated well.
DYOR
The latest RNS on this:
"Total Voting Rights
On Admission the Company's issued share capital will consist of 400,852,371 ordinary shares of 0.1p each, with one voting right each. The Company does not hold any shares in treasury. Therefore the total number of ordinary shares and voting rights in the Company will be 400,852,371. This figure may be used by shareholders in the Company as the denominator for the calculations by which they will determine if they are required to notify their interest in, or a change to their interest in, the share capital of the Company under the FCA's Disclosure and Transparency Rules."
Porter,
Fingers crossed. I took a punt here on Friday (the last trade reported was my buy) at 260K market cap-I hope it proves to be a win -otherwise it is money I can afford to lose if it doesn't come back from suspension.