Chris Heminway, Exec-Chair at Time To ACT, explains why now is the right time for the Group to IPO. Watch the video here.
Well, if you've watched the video from a few months ago you would have heard from the horses mouth that this business is slow.....painfully slow due to the fact we are regulated & have to jump through hoops to get results. So all the negative post's about them kicking the can or basking in Bermuda....there's your answer. They have achieved a lot of success in getting all the "arms" of the company regulated. In the video he talks about the 2b in aum being achieved next year, pretty confident I'd say. They are getting compliments in the industry for what they have accomplished ........so far. So, stick around & see.
I am proud of our team for what has been accomplished in 2023. In particular, achieving an investment grade rating for our insurance companies is a significant step forward for the organisation and will play an important role as we accelerate our buy and build strategy........................I would say that they have a strategy that is beginning to come to fruition.
We expect our cash flow to improve, and we continue to believe that we will not require a placing of shares, unless it is for strategic acquisition and growth purposes.
We continue to advance our buy and build strategy to ensure continued and substantive ongoing growth of the business. We continue to be presented with and review potential acquisitions that are both complementary and supplementary to its existing businesses which will further enhance free cash flow and move us close to executing the 2B plan.
Nice buy after time, things are slowly starting to look up. Maybe Gobind was right all along with his approach to comms, maybe they are getting noticed in the right circles.....Can't be much free float left hanging about, as we know, when it moves it moves fast.
Indeed, more to come. Patience is the key & before you start bleating on about "It's been years & where's the shareholder value etc etc" look at what has been achieved over the years, obviously far to much for you to comprehend so all you do is bleat on about how long it's taking. Do you still actually own any of this stock or sold out? Do your children still own this stock or sold out?
It's operating the way it was structured to do...put simply...people pay in & people withdraw cash when they've made some profit. Think of it as a 7.2% high interest account.
If you do some in depth research you'll find the small caps market was down 30% last year, this was probably due to several factors that are still with us. It's tough out there but 7.2% return on an investment is a win in my eyes, over double what the high Street is offering.
It's starting to get interesting now, maybe the new broker is having an effect (who knows) Hopefully they stay in sticky hands which means the ever dwindling free float is diminishing even further. My gut feeling is there is plenty to come.