To remember doing a calculation around the time of the funding and coming to a fair value of 13p but this was around the beginning of the year, so can't fully remember. May have posted my thoughts on here at the time. Will have trawl back
Company should really be releasing updates on the receivable situation as this has historically been the issue here. I think a few of us have contacted them in the past requesting this. This alone would assist in restoring shareholder value imv.
Nice summary. The issue here for me has always been their inability to control the receivables. They seem to have addressed this and have continued the good work announced during the results.
Still time mate. I added a few this morning as I contacted the company regarding the receivables and they are making very good progress in addition to the £9.5m they collected from September to May as announced in the results.
When you put all of this in to the context of the market cap, I think this is woefully undervalued, notwithstanding the financing deal and proposed de-listing inherent therefrom.
Its a game of calculated chance.
If they secure the funding to fuel the pipeline that I believe will be £250m plus versus the current market cap, do you see any value disparity?
If the funding was already confirmed the market cap would already be significantly higher.