RE: Timescales25 Oct 2020 16:34
I think we’ll have an update fairly soon.
Just 2 months ago Pello effectively raised £500K at a discount for clients interested in taking a chunk of stock that they couldn’t have had on the open market without the SP shooting up due to the illiquidity here.
That discounted placing of 1.4p has effectively held the SP around this level apart from the ‘upblip’ on the news of the prospectus a little while back.
However, this is Main market, and good foundations are being built.
I see the current SP around 1.5p as a good entry/accumulation level so I’ll continue to add, I’ll derisk at 3p which I see as an easy target on a sensible update delivering traction for the Company, and keep a still hefty amount of stock for the journey.
A fund delivering 10-14% annually after fees is going to attract a lot of investors, once they know about it.