10p is only 65m mcap diluted, for a company with $50m+ annual turnover, $16m in cash, and a new major in as majority holder and international links, 10p is cheap for the potential here
seems like a seller is still about - liquidity here is great though - can always sell full holding, 6 weeks max until the deal, fully expect double digits once complete
not sure why 3.5 is the target - they wont be selling and the value they'll be adding will make BAGR worth multiples of they're paying, genuinely cant see why this cant reach double digits at some point this year
fully diluted 10p would ONLY be 66m MCAP with a quarter in cash, for a company that already turns over $50m+ EXCLUDING potential new contracts/synergies
they reduced their holding to 4.95% on Monday before the RNS, assuming they had intention to sell at that point it would make sense for them to reduce further into the rise..the smart are buying them back ;)
Yes my bad, not twice the amount - but at current SP cash will be higher than MCAP.... not to mention synergies new contracts etc.... only thing holding this down is AXA who look like they're done now
yep AXA just offloading, should fly up again when done, cant be many more left now, remember Ruyi value the company at 3.5p for 54% so circa £24m... current mcap £7.5m and intend on completing within the next 6 weeks.