It's still only £1200. We know the reason for the suspension and its only temporary. Focus on the $1.6 million on deposit which covers the m/c. Long termers wont be bothered
The spread is actually 22.5 to 27.4 - not too bad for such a thinly traded stock. Can't see that this is a good share to p and d. It's a ridiculous concept for suckers .
Davey. Some of us go back to the Lonzim days but very few indvidual holders left. You're right . Suspension is no more than an inconvenience. Be very interesting to know what's going on behind the scenes. The Paynet IP could be an ace in the hole? Hidden value.
Toffee. Are you fairly new to this? £60k really is pocket change.
I think forecasts of 400p (even in 2 years) are fanciful. Barring a meaningful economic recovery I see this trading in a 110-160 range for the forseeable. The other possibility is an opportunistic bid from the Malays at a low ball price. Pure speculation though
Doubtful given the nature of the business. They have the most recession resistant tenants who tend to remain in situ long term. Net gearing a very conservative 15%. Underpriced
Jumbo . You're living in fantasyland. The dividend is unsustainable and will be cut. This company is facing an existential threat and needs urgent action by the directors