Winner Winner Chicken Dinner16 Nov 2021 12:22
Place your bet’s Casino players, I’ll take a 5k I’ll take a 10k, sure to go to 20p maybe 50p, maybe ten quid the world is ours, roll up roll up….
Sentiment here on the news and coverage was off the scale, I have never seen so many posts on all the boards and in the news, paper comments sections and people coming out the woodwork to take a punt on this stock without doing any research whatsoever.
But let’s be under no illusions here, we don’t know what PHE are going to earn from HUI on this deal there hasn’t been one recycling plant built yet before dreams of them being all over the world. Heck there is no proven model yet. No physical investment from Poland yet either only early talks.
At 25p that would put this business at close to a billion valuation. Can a business with zero revenue be worth a billion pounds? Maybe it can, this is the casino that is AIM and sentiment beats fundamentals every time as I see it of late.
However, at 5.6p its market cap is 217m that’s still hefty for a business with zero revenue. This stock is not cheap despite the SP looking at first glace like it is, there is a lot of stock in issue. Further, as its stands because there are no known details regarding what the potential value is to PHE and what shareholders might see, nobody knows how good the deal is, its total blind faith IMO.
So, as I see it until that information is known this is not an investment, it’s a gamble a pure punt. Hey, WTFDIK, this could be the next big thing but for funds and big money to follow they need more than just market hype.
Is it worth a punt, no idea, odds might be slightly better than red or black on roulette? Pay your money take your chances
Good Luck whatever your call