RE: Cant buy3 Feb 2024 19:00
I'm not sure who valued it at that, but I'm subscribed to Simply Wall Street and they value the company at £0.006 per share, which would give it a Mcap of just under 600,000K. The SP will always go up and down and doesn't always reflect the true value of a company. Before the rise on Friday this company was valued at under 15M, and this is solely because of its high debt. Without such a high debt then yes you may get 500M for it but not in it's current situation. Without doubt the SP can climb to £1 next week, market sentiment not market value will determine that. I'm not trying to be negative, I'm just looking at the situation for what it is and giving my honest opinion what I think the company is worth if it was to be sold. Nevertheless, I hope we all can make a profit here so wishing you and all fellow investors the best of luck.