The case for selling12 Mar 2024 10:51
Can someone explain this to me? I'm by no means an expert but keen to learn and understand.
As I see it, just over a month ago, this share was holding around a steady 4p. The expecting CH lift RNS occurred and it spiked to 7p, quickly coming back down around 4p and some spiking on the further CBR RNS.
After that is dived, simply due to funding questions? Then it appeared there was a placing leak, followed by a 2p placing and we find ourselves at 1.8p.
So funding questions have been answered by the raise for at least 9months or so, not in a way we like but it's done.
From the above, we can conclude fair value is around 4p and if that has devalued 15%, we can say 3.4p is in theory fair value.
This is theory, not reality so it won't be quite that exact. But can someone tell me if there's much beyond that going on? Because I don't get how this is 1.8p given all the recent events