RE: Bodycare….18 Oct 2023 08:24
DoM-bella: I’m usually very cautious in my predictions but for once aim going to put my neck on the line and say as soon as an RTO is confirmed this will shoot back up to 4 - 5p at the very least, and then, depending of course on how many shares are issued in the new company, I’d hope for way more if it’s something like Bodycare. If their last set of accounts has them with assets worth £14m and they’re looking to expand then I’d say an IPO is going to be ambitious. A share price of even 4p equates to a mcap of just £2m at the moment. To raise the funds just to pay for the RTO I think they’dbe looking for much higher.
I’m!peobably being horribly and stupidly optimistic for once but this, if indeed it is Bodycare, with its current backers stands to achieve far greater value imho. All depends on what they offer existing ITS share holders.
ATB to those who were brave enough to hold into suspension