RE: Been asking around11 Mar 2019 09:24
Wongtogo
I am invested here because the price fell to a level that I believe will have a huge upside. I do as much desk research as I can to make sure that I've not been fooled. I have researched the market, talked to energy brokers and investors in the sector. That's why I believe that this is so under valued at the current market cap and my confidence is really high now. The confidence has been knocked due to the accounting issues - this was really poor and I can see why. Once the FCA has concluded their investigation and trading update is issued this will draw a line under the past. The fact is that they have lot's of cash, are getting more business and have no debt - this out performs any small business energy supplier, as most have limited cash & debt. The market cap should be 5 times that of today, so I believe that this is a great investment. I can see that someone is buying each day and has been for a while. So I expect at some stage a Private Equity bid for the business if the market cap remains low. As BK has a majority of shares these are quite difficult but can be achieved through a 'scheme of arrangement'. Either way the buyer of these shares wins!