Good moves here again today.24 Aug 2015 21:01
Think we were interrupted by AFPO today and I expect a rally here as the initial fun wears off there. AFPO has done well but I personally don't see the value much past £15million MC given that is almost the entire best case value of the deals currently being signed off ($10-$30million dollars). Future there looks bright but I'm not sure the market should price that in just yet. Didn't we already hit 2.2p there last week for the same reasons as in the RNS today? Not sure how people are getting 5p+ (£37million??) valuations but 2p didn't hold very long. The bulls have taken charge there, not sure if it will end well from these levels - despite the likely gap up in the morning.
A lot of the right people are in ADSS for now, which coupled with the strong performance in a battered market holds a lot of weight.