Coming week15 Jun 2020 00:36
In my view we are getting ever closer to the expected takeover by Tangent. All the ducks are lined up as they say. This company is very much under the radar as shown by the small number of trades on Friday. Don’t think we need too many buys to see the SP tick up with the last trade being a buy at 1.40p.
In my view, there is still time to buy if you are not already invested and to top up otherwise as I expect the takeover to be at least 2.6p which would value the company at just £16m. Indeed not unreasonable to expect a higher figure than that.
The company is succeeding to take on new clients and increase its revenue helped by the additional social media channels it has added to its platform. I very much expect Tangent to have been doing the same. They have a good list of clients themselves including Sky, Volvo and Regis.