A summary of SORB:
* SORB is one of the world's leading food sorbate (preservative) suppliers. People must eat...
* Revenues = £14m;
* Net assets = £10m;
* Cash = £7m;
* Profit = £1m;
Upcoming news:
* Potentially up to £6m compensation coming from a Mongolia factory dispute;
* Potential repayment of £2m loan-notes compensation from a subsidiary;
* Current marcap today = £2m...
Up +140% now. 0% spread for a long time there. Long auction. One MM now appearing at 20p on Level 2 for the first time. Just 59m shares in free float. Around £23m assets for a tiny £3m marcap. Has flown under the radarscreen for too long.
Some pointers:
* SORB is one of the world's leading food sorbate (preservative) suppliers. People must eat...
* Revenues = £14m;
* Net assets = £10m;
* Cash = £7m;
* Profit = £1m;
Upcoming news:
* Potentially up to £6m compensation coming from a Mongolia factory dispute;
* Potential repayment of £2m loan-notes compensation from a subsidiary;
* Current marcap today = £2m...
Basically, anyone who bought on or before Jan 6 2015 will get a tidy 4.95p-per-share cash payout. Well done to those folks. Anyone who bought yesterday (after 8am) or today will get zip.
Wise words, RB-heath.
Way too many green-eyed monsters around. They miss a rise, or don't have enough funds to buy, and they turn green like the Incredible Hulk ;-)
Don't let the green-eyed monster get the better of you ;-)
SORB has *£14m revenues, £7m cash, £1m profit, £10m net assets, and potentially up to £6m compensation from Mongolia*... and a current *£2m marcap*...
Up +50% now. Just a tiny 24m shares in free float. Based on profits, cash, revenues, assets, loan-note repayments and compensation potential, SORB should be 10p+ as a starting point, with 20p+ easily achievable.
Up +31% now. Major rerate taking place.
SORB has *£14m revenues, £7m cash, £1m profit, £10m net assets, and potentially up to £6m compensation from Mongolia*... and a current *£2m marcap*... SORB deserves a multibagger rerating... Companies that win compensation and legal rulings are very fashionable at the moment.