RE: Only way is up!29 Jun 2020 21:30
Look at the amount of shares traded, and the constant ‘ups and downs’, is something most of us on here can only watch. PI’s, like me anyway, can’t affect the SP but we can always do some research to anticipate what the SP might do.
30MN shares at around 50p need to be bought before any BIG investors buy at a higher price. Still a lot more to be sold so, IMO, it’s around 51 -53p for a few days (world crisis aside) until the Company’s value is recognised.
Far more intelligent people on here can work out what the value of the Company was at £19 a share, what that SP has been diluted to over issuing more shares - I saw someone post c.£2.38p I think - add another 20% at 50p and it’s probably £2! Take into account the terrible situation the worlds in now (50% of that???) and that’s where I get my shirt ten £1 valuation from. Add in £500MN investment from Stroll and Wolfe and it could be worse.
Anyway, GLA and this is only my opinion so DYOR please.