RE: News ?9 Jun 2023 11:24
Thanks for your courteous reply Lol but as you suggested I fundamentally disagree with this section of your response ;
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I can't see TEK breaching 20p, even with the scenario you outline. Simply because there's currently zero transparency for investors on how any value in any of the holdings would be realised & redistributed. Bit like owning any big asset, without having a single mechanism or strategy in place to sell it. You may still think it's worth a lot, but nobody else will, because there's no chance of it being sold any time soon. So no easy way to gauge its true worth'
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I think it's very easy to value TEK. We just have to guage the SP of Bell and Lucy and hopefully in the non too distant Microsalt. Personally I struggle more with Guident but the rest are pretty straightforward.
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Bit like owning any big asset, without having a single mechanism or strategy in place to sell it. You may still think it's worth a lot, but nobody else will, because there's no chance of it being sold any time soon. So no easy way to gauge its true worth'
With all due respect the comment above doesn't make any sense to me. If this really is the case then why would anyone hold any growth stock ever. If TEKs 4 companies are all listed, then each component is valued individually by the market and TEK as a shareholder has a far easier pathway to disinvest than most any other individual growth stock. I realise that comment overlaps your disinvestment remark but it's true, just maybe not quite at this point in time, unless as you say they find a mechanism to top-slice when they float. I'm pretty sure that is not a standard but imho I guess it wouldn't be impossible if a float was oversubscribed etc. That might open the door to cash a few in. For all we know that's the plan. They're taking their time with microsalt. Imo they've learnt a lesson or two and want to get this right by creating a higher value base before the floate.
Anyhows....we are going to know are lot more over the coming few months imo.