To The Short Term Holders and Doom Mongers19 Dec 2019 15:10
Lets get this straight. The company is worth significantly more than the current SP.
The current SP just about covers the cash position and assets without accounting for the organisations potential (unlike many AIM listed entities priced solely on potential)
There are a number of significant holders stuck above £10 who hold north of 20% of the shares. A further 50% are owned by the Bobby Kalar. All of the institutions and BK will want to see the days of £10 again and will fight tooth and nail to get their.
Yes there was an accounting error (Deemed to be an error by the FCA). This is now long behind us and the SP is recovering thanks to the business growing, becoming more efficient and more profitable (we will find out to what extend in January).
IMHO the SP should at this stage be at least £5, however, the accounting error has understandably unnerved some long terms buyers which is why its taking its time to climb. When profitability is declared in January we may see a fight for shares and a significant rise of multiple hundreds of % thanks to low share availability.