RE: Zeus Capital Research Note14 Jan 2021 11:53
Quite, conservative with a capital C! If this was on Nasdaq now it would be double that. Sooner or later and I expect sooner, Boo, along with an increasing number of other UK listed companies, will/are abandoning the UK markets in favour of the way higher values that the US have to offer. Just one example, I've been heavy on Puretech (still am) since circa £2.40 over here in Nov. Fortunately, the CEO, bless her acumen, had the sense to dual list on NAS in Nov. Share price now around £4/4.20 depending, proving her point and that suspected by many others that the company share price was being artificially valued by London at around half its real value. Look at what just happened with Just Eat. They too are looking to go stateside with a listing on NYSE. There are a lot of companies totally fed up with having their values suppressed by London who are either in the process of listing in the US or seriously thinking about it. Expect somewhat of a mass exodus this year as more UK listed organisations witness the rise in the share price of those who have made the move stateside and so decide to follow them. Make no mistake, with the big US investors now on board and likely increasing their holdings, this is the plan for Boo and why I am adding and holding.