RE: Net assets of £20.7 million24 Sep 2023 10:09
It certainly could be. I am a very recent buyer (small punt), based out of intrigue / hunch - seems like an asset grab to me, and was tried unsuccessfully a couple of years back at 26.25p. If the delist goes ahead I am not gonna be that bothered. The company will still exist, and there is a matched buy/sell facility. Worse case scenario I will have some delisted shares in a company that said:
“Our FY23 results reflect the legacy issues and the difficult conditions that the group has operated in, however, we are now in a stronger position and laser-focused on our path back to profitability as we continue to make improvements at pace.”
Best case scenario a few folk wake up and see this for what it is (ludicrously cheap), and we see a pre de-list spike.