In fairness to TW in August 2016 he wrote an article in which he outlined fraud at Beaufort securities and guess what, the FCA did FA about it. Not sure about his 2017 article but knowing he thinks the fca are useless, that may be the reason for his stance . I actually complained to the FCA that they ignored his warnings and my complaint was , in part upheld. So on balance I think his journalism is worthwhile even if he is not always right.
D32, the janet and john answer is that the company is splitting off a valuable part which will become a separate company on the market and all investors will get a proportional share in that new company. The value of the two parts combined should equal the 'pre split' value of the existing company but I and many others are hoping they will collectively be worth more because another company may try to buy the part being split off. Time will tell and good luck but dyor before making any decisions.
Advice , from myself - take everything you read on bb's with a pinch of salt because people talk their own book in general. However , you have to ask yourself if there are better opportunities elsewhere , in here or in cash and then make a decision . Never easy - good luck.
Three things that will help sp are; Countries with low infection rates are holiday destinations, germany has low infection rates and that side of business will be better placed, german governemnt support. Expecting another 20% here this week. dyor.
Would you refinance the bonds based on the series of RNS' that the company has released over the last year?Would you trust the company to make a full disclosure to bond holders, if it is somewhat tardy with shareholders?
No doubt that part of the business is up for sale imv. remember the news of the success was only disclosed a few days ago and big pharma and advisors on lock down, will need a bit of time to make a decision on its worth.
John, totally agree - but we have previous form here. A few months back we got a rns stating they knew of no reaon for share price fall and then 2 days later a follow up that explained why the share price was falling. I have lost all trust with the company - there are likely more skeletons in the cupboard.