RE: Quindell similar experiences16 Mar 2018 08:06
Morning, well all of my experiences have to do with them having a strong asset base and being massively undervalued when compared to their assets. I have always found there is a scope for huge jumps in share price when using this as a basis for investments. Now let me give you some examples, I was buying KAZ in 2016 at around 80p per share back in 2016 and VED at around 250p because they both had had strong assets and were not valued correctly by the market, more recently I was buying SQZ at around 30p, again because it had the cash, assets and was not valued by the market. Another one That i think is more comparable to BZT is ZIOC which I was heavily buying between 1.3-2p a few years ago, it’s a huge world class capital intensive project (similar CAPEX to Our Mankayan but in Iron Ore not copper/gold) the share price hit 25p there late last year so these major share price realignments can quite honestly come out of the blue. At BZT we moved from 0.8 to 2.1 quite easily last year so we have the potential there. A 10 bagging of the share price is not fantasy I can assure you, a £30m MCAP with our assets is achievable and is my long term target - 4p is very achievable and, I don’t like CB much but he did assist with GLR 10 bagging in the recent past.
So in short for me companies with strong assets always have a market correction. I can’t think of a more asset rich company on AIM that is valued at So little.