RE: Pleasing day13 Oct 2022 13:10
Hi Sparky,
I have been following the situation here quite intently since around 80p
The business is now in my opinion moving towards maturity.
I made a packet from 80p up to 300p and with my honesty badge on, will admit I sold at that point. I further rode another trade out previously for around a 15/20% gain, however seeing this at 190p was too much of a temptation for me particularly given the current environment and the businesses fundamentals that make this business a stand out in Growth Companies market. The temptation of a Dividend is extremely positive and may well prove to be a strong move in providing shareholder value here. Expecting a ride at least to 300p here, in the long term this is going to 800p without a shadow of doubt, if targets are hit like they usually are with this share, I would suspect it could go further. As sparky has suggested, we could see II's getting involved up at £50m MCAP this would require just a 50p increase from current position. Once we get there, all bets are off.
Is anyone aware of any warrants that could be issued if the SP hits a certain level. I seem to remember something around the 400p or 500p mark. We obviously know the business does not require the cash. I may be getting confused with CEO reward shares potentially. But either way, there would be a share issue. Just looking to understand what that is and what impact it may have.
GLA Upside