Valuation23 Feb 2022 20:57
At £72m Mcap, the valuation of the Co is becoming a bigger risk than the Russia/Ukraine situation.
It's likely that ENW is now trading below cash value, which makes it a risk free trade for the major shareholder to take it private, pocket the cash and pick up a 5000boe business for what essentially would be free, as we saw with JKX.