The latest Investing Matters Podcast episode featuring financial educator and author Jared Dillian has been released. Listen here.
Yes WF its at 4pm today.
NG
Tnx Trek/Cawdor for your insight. The two main positives I take here is no discounted placing and the fact that the directors have major skin in the game so they're unlikely to inflict necessary pain on shareholders as they hold the lions portion of shares!! I expect many more announcements to come as the transition to the roadside project will take time but all the ingredients for a successful nice enterprise are there. I just hate share suspensions but the delay in the accounts has been a major theme in the market recently so its hardly a big deal.
GLA
At least they didn't dilute ordinary shareholders with a placing at a huge discount like a lot of other companies have done. Raising capital at the moment is very difficult. Also, Meadow Partners are a massive outfit and they wouldn't link up with a small outfit such as us without being impressed with what they see. There's also the sale of CSS and the portfolio of pubs/restaurants. Anyone care to comment in case I have drastically missed something??
I don't see anything untoward in the RNS other than the fact that all debt is now fully serviced and opens the way to the JV with Meadow which is amutli billion dollar company which already owns properties in the UK. It's the release of the audited results by 30th April I'm looking for asap and the lifting of the suspension to see how the market reacts to recent developments. Time will tell.
GLA
He just made that up to depress the sp in the hope that he can pick up a few more shares on the cheap. This is only going one way and that's UP!
GLA
Tnx for the article link R666ddy. Very insightful. Now what we need is the market to value the company accordingly rather than this RIDICULOUS valuation. It will in time I'm sure so this could be seen as a great opp to top up.
GLA
Really ought to be next week although if we're lucky could come Monday morning. As long as it's worth waiting for is all that matters.
GLA
Steady buying today by the looks of it. Hope this translates into a higher sp!!
GLA
This morning at 11am.
Company has cash in bank AND a £1m undrawn bank facility hence no need to raise funds. But you knew that anyway @Sandyman didn't you?
Solid results with contract news for good measure. The sp is way too low and undervalues the company. A rerate is imminent.
GLA