Hardman & Co 48 page report5 Mar 2018 15:03
How refreshing to get correspondence back from the analysts at Hardman & Co who answered all my questions to the best of their abilities, unlike the unhelpful lot at Peel Hunt who refused to speak to Retail Traders.
Basically, the current share price is a short dated call option on refinancing (priced to fail if funding doesn't come in). On Funding, the shares will change the way they are valued to being a very interesting play on a huge growth market.
They doubt very much that Chairman Lord Waheed Alli would be prepared to let this fail.
As the Chairman & largest share holder with 20% of all shares, it is not in his interests for large dilution.
They don't know the terms of the Fundraising, or when it will be.
The Indian e commerce market is picking up again.
The business is well positioned should the money be raised.
Have heard very positive noises about the Fundraising.
A few other things were said, but judging by their trip to Delhi, they were very impressed, hence why I've been adding a few more today.....