Listed with goodwill of £300m (?) and negligible assets and cash. Insiders then sold / loaned / who quite knows tens of millions of £s worth of shares.
The boss seems to have done well so far; shareholders who bought shares second hand might not have fared as well.
£300m goodwill is questionable by some... But then, I have a problem with any company that keeps hanging accounting dates or that gets suspended. That share has a fanatical bunch of shareholders; some will have seen the price go up and decided today was the day to average down, which just forces the price up even further which attracts more buyers and the cycle repeats.
Yes, the bloke is in a bookmarks folder and I have recently started following his YouTube channel again. I have a Stirling Engine in my box of curiosities. Clever contraption...
Really busy day today - I have shares in 3 companies at the moment; a whole 10 trades in all 3 shares so far today. I know I choose to invest in unwanted [and hopefully undervalued] shares but just 10 trades...
The company has said that the market thinks it is over valued for a cash shell and the share price has fallen by nearly 50%. A few might say something quite significant has happened this morning.
Pandemic economics: The economy of fear11 Apr 2021 20:58
"The old phrase, ‘Whatever doesn’t kill you makes you stronger’ — I think applies in spades to the economy in the aftermath of this pandemic,” says MIT economist Andrew Lo in this Knowable Magazine original video."