RE: 50p possible share and cash20 Apr 2026 08:59
If anyone thinks that Long term Holders will see 50p as a good offer, they need their heads looked at.
Most long term holders have an average of 50p or above ( including myself at 55p)
This business had the opportunity to be sold 3 years ago in June 2023 for 156p per share ( same turnover, same debt...similar profit margins) and the board at the time turned it down.
Many directors have an average of 80p plus, with some even in the 90s and 100s ( according to all know information provided in Directors buy RNS's)
Yes there's been the change of the new tax implications, but this share was in the 60s before that so it was already struggling in terms of SP peformance before the tax announcments.
Its shocking that this has happened.
CJ - you called out 70p as minimum potential offer, then said essentially that this offer will do ( near 30% less).
And you told me you were the seasoned investor who I should be listening to and taking guidance from.
We have ended up in a mess if this business is sold at 50p a share.
Ironshield are fine.....they have done exactly what they wanted, come in mid 30s and then get to sell at 50p making a profit.
So Ironshied coming in and buying £6m of shares meant nothing, and was of no benefit to any of us.......they are just part of the recent crew of new investors who will have made significant gains on this if buying in the last 4 months.
And before anyone says LTHs should have average down when they had the chance.
I averaged down twice to get to 55p from an original position in the 80s.
I should have been getting a healthy profit 3 years ago at 156p ( nearly double my money)....now I'm making a loss. Shambles.