RE: Volume19 Sep 2023 17:18
Haha they are desperate for cash and I'd predict a 3p raise.
This is AIM and they won't be able to raise at a decent SP unfortunately, especially after that bleak update.
The 2nd poor one in 2 months. Another one before Xmas and I'd predict a possible administration casualty.
This has lost 99.6% in 6 years of its value.
UPDATED
Sorry, to be precise it has lost 98.6% in 6 years 5 months. That's unbelievable from where it was April 2017 and with so much spent on home improvement done during COVID,we were told, I would have thought this would have been OK.
Cost of living and bad management has clearly hit here.
It is at a very low price for a takeover I agree BUT like so many big names before it this could simply be left to go to admin then picked up for absolute peanuts by a rival firm AND as we all know if this happens its zero returns as always to us PIs.
Genuily the best of luck who hold here.
I'd expect a bounce mid next week back upto the mid 5s , BUT they have clearly stated a raise will be needed and that RNS could drop at anytime and I'd expect it to be around 3p looking at this SP and poor update.
This is all my own experience of companies releasing 2 2 poor updates in quick succession and also clearly stating a need to raise extra money in an RNS.
Don't ignore the red flags from an RNS!!
I could be totally wrong [i often am] and this comes good BUT there are many red flags now so please be carful and this is AIM remember, so even more volatile.
All IMHO and good luck guys here for the next update to be a surprising good one
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