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Imo it'll be sold for £7-900m hence why he benchmarked a similar sale in the interview.
Any dividend has to be paid from retained earnings, otherwise its illegal. The only option on a dividend is when stock/asset has been sold and profit has been booked to retain earnings/profit from current year. The £50m is an asset in the balance sheet which will generate cash but not profit. How they use the cash is different, they could recognise, once the sale is complete, a more substantial dividend - its sll relative to the profit that they expect to generate and what is needed to reinvest for the future. One use of the £50m could be to do a share buyback, this would be legal as it's swapping cash for shares.
MXC have played a blinder here. Their seconded CFO will be fully in the picture on what Adept4/Cloudcoco's future looks like. No wonder they've decided to increase their holding. Well done to the holders, this company is going places!
Blue, nothing has changed. This should be at least 9p, long way to go on the re-rate now the seller has cleared.
14% up
GLA!
9.75p would be a good return. Mcap of £45m would be a fair measurement of their market. Could be worth a lot more on contract news and YPO framework wins.
I've got 500k at an average of 2.75, I'll buy probably another 100k on Monday and sit and wait anxiously.
Looks bearish to me, I hope I'm wrong. This is going to be a long term hold for me. 6k down here and 6k down in VAL.....not a good two weeks - at least its only this years MIRI & NOG profits that i've used. A lot of people will of invested their monthly salary.
Lets hope for some positive rises on Monday.
A cats ear has appeared on the charts, this is going to be massive! lol
MCAP 6????
I'm just driving down a motorway with my eyes closed in rush hour. Down 6K on VAL last week, same again here this week.
My balls are well and truly in my stomach at the minute. lol
I'm sure it'll be all good in November!
2p will rebound to £2 Blue, it's written in the stars.
Yep, I think I was right on this, it was a 12.5m buy. SP went down dilution not sells.
Was the 12.5m a sell, I'm not that sure. A lot of shares have been introduced into the market over the last 4 days due to the aquisition. There always was going to be a bit of dilution based on the deal.
The shares will soon be eaten up imo.
MCAP £10m, think this should be £45m based on combined Adept & Coco revenue, we should also be a profitable going concern now. I firmly believe this will rise once Cloudcoco finalises their financials for last year pre-hive up.
Cloudcall(CALL), is the closest competitor in Adepts market who have a similar service, MCAP £45m. Imo
Well celestial on Twitter has spoken. Best chartest around, he knows his onions. I'll be buying back in here, its been a while.
Agreed MM ^^^^^ from now on.
Should always look at the benchmarks within the market sector. Happy to buy at these levels.
I'm shocked, check out CALL. A similar business, similar turnover. Thier market cap is x4.5 larger than ours.
This is a bargain!