RE: Back in8 Nov 2018 17:16
Support and resistance levels are only ever temporary but the most recent evidence, as far as I can see, would suggest a touch above 10p is where support will be found.
The problem we have here is people are judging value on asset value, and you would be right to believe this share is very cheap on that basis. An asset strip would indeed unlock value. There is one major issue with this. You are not investing in an asset play. You are investing in the current company, in its current state, with the current board making the decisions. On that basis, what is the company really worth? Is 10.3p the bottom? How about 8p, or less?