Chris Heminway, Exec-Chair at Time To ACT, explains why now is the right time for the Group to IPO. Watch the video here.
I am also backing MR . It is easy in hindsight to criticise . If guvnor had ever served on a plc Board he would know that often agreements and business discussions have confidentiality clauses attached so shareholders are sometimes legally prevented from understanding the rationality behind decisions. I think this will be a good year for AEG shareholders and I wish the Board well.
Like so many brewers and pubs in the drinks sector Young’s have taken a real beating since March. However people will always like beer and pubs . When somebody finds a vaccine the share will jump back to £16 in quick order . Strong hold.
Interesting you say it is not personal about MR rather than the Board but you direct all your comments against MR. When circumstances change the BOD have to do whatever they need to for the benefit of all the shareholders . Eg nearly every quoted Plc Chairman’s statement made in 2019 has been changed by Covid 19. I am personally excited about AEG’s future .
Soundsrich —. Good post I concur. The market makers will initially mark the price down .
It will interesting to see if shareholders buy in cheaply at the off (as apart from the discounted placing price ) it was a good announcement.
Dear Soundsrich , excellent post . In the short term I think the next move upwards will be a big order for CS from a power station. The broker reports are positive but the large investors will only come in when revenue is assured . A good time to buy .
Interesting the lemmings are selling again today at .9p bored with no news . Yet the price holds , why? Because there is a buyer in there . No doubt this will show later at the “end of play “when the market maker moves all the sold shares to him. ,
Yes Triumph1. I agree . Who knows where we will be in 6 weeks time , hopefully I meter distancing comes in like most of Europe and let’s get the pubs gardens opening up so money can start hit the tills again.
If that happens we will surely hit 300p again.
Let’s go wild . Say in 2021 AEG graduates to a 50 ton an hour machine . ( Don’t forget that is one machine in one area ) the brokers then estimate a turnover of $77m with about 23% profit margin which is $17m profit pa .Lets assume the other timber businesses cover the overheads .So $17m on a p/e of 10 is $170m and that is currently £135m sterling which is 10.5p a share . I have read that power stations give orders for 10 + years so profits are then assured. I think the market is now watching this share but I wouldn’t expect institutions to take positions until the company announces its next stage of development.