GreenRoc Accelerates their World Class Project to Production as Early as 2028. Watch the full video here.
What not to like is the concept of splitting the Group into two. So far £60m and counting has been spent of our money on bloodsucking professional fees. And into the bargain a huge divi cut to come. The fact that the share price has been drifting South for months now says it all.
Many Pension Funds and Insurance Companies are governed by Trustee Acts which in certain circumstances will proscribe investing in non paying dividend companies. So there could be an enforced drip drip of sales pushing the share price down.
News about paying a divi might arrest the slide, but that will probably need the approval of CF's lenders.
The reason there is such a large discount to NAV is coz there is too much debt and that when it comes to renewing will be costly to reflect the risk. Buybacks just exacerbate this exposure. Only hope is for the Ziffs to take Town legally private, rather than the current position of being private in all but name.