re: Consolidation30 Mar 2021 21:54
After consolidation the sp was about 31p. The traders who hadn't already cashed in over preceding days will have done so to invest elsewhere. Sp dropped about 5. Now about 4m. market cap. I was probably a bit hard on the boiler business valuation because it is trading well but we wouldn't have hung around for all this time to buy it. Hopes were, dare I say are, for something more, as they were when it involved Ptarmigan. Consolidations have a value because they encourage investors that wouldn't touch tenth of a penny shares but they're always a dud for holders in my experience. But I don't see them being tempted now. If the boiler company was going to be the sum total of the operation they might as well have said so, not consolidated and saved the expense. There is more I feel sure but the news needs to be out already. I hope for that news early tomorrow or something reassuring. As somebody said, Mr Parris is down too but he is on the inside and knows what's coming.
We don't