RE: Value ?18 Nov 2025 10:57
The problem with going 'native' is that you lose the belief of plenty who were on side in your pre native existence.
If Mr Knott was aware of his more recent 'plays' losing previous II friends - and he may easily have been - then I'd hoped he had lined up some new generation II mates eg Nipco, Blacksea, other indigenous Nigerian players etc and/or PI's eg himself / his management team/ his wealthy PI mates etc, who might benefit from him going native, not just to fill their boots in non standard open markets ways, BUT - also - to hoover up any overhang of selling in the OPEN MARKET that might easily have been foreseen to occur after latest return from suspension, then the s/p could have been defended around the 6p to 7p area..
But, so far, it seems he has not lined up open market size buyer to come into play after recent suspension lifting; which would be another 'unfortunate' occurrence (alongside the many other 'unfortunate' occurrences that have happened here in recent years; further - again - underlying his credibility, alas)
Eventually size buyers should come back in the open market, be that off the back of unambitiously material bottom line progression in the business and/or the s/p gets so temptingly low that size buyers in open market find it too compelling to resist against the current bottom line state.. etc.. ( if there is further material bottom line deterioration from here then that's a caveat on this para, granted.. etc)
PS: Macro factors contribute here too, poo&g, wold affairs etc.. and AIM is a 'tricky' market that might be better avoided altogether avoided, in peoples minds at the best of times, not to mind that it has had a - latest of many in recent years - setback in last couple of months too