With no dividend thats already a saving if my figures are correct ( 379 million shares at 6.3p in 2018 dividend ) Thats already added almost 24 million to the coffers per annum. MCAP currently well out of sink with this company. GL and hold, your patience will be rewarded
Just DYOR and hold. Simple. This will soon be in the 20's and trading it is nigh on impossible here with the spread and NT. Any noise from the sellers who want back in cheaper is just that, noise. Have a plan and stick to it but patience here will pay off handsomely. Its not your typical pump and dump stock although its brought a lot of the gang here . GL , we all want to win but AIM is a tricky beast at times.
I can see this going a lot higher this week. Debt has 4 years to repay so nothing imminent and the company may be able to restructure this with increasing turnover (for a lower repayment interest fee, ie borrow to pay down debt), lower fuel costs better management and efficiency. The one off impairment on the balance sheet is irrelevant. The company is far stronger than before suspension and the new management will want to lay "all the bad news" on the table for a "fresh" start. See it many times before. I also hope they can hedge their fuel costs. Not sure if that is feasible as this would save millions annually ?
Lets not forget Stobart have retained their 17% interest in the company. They obviously feel its a going concern. Should have a medium term target of 30p and short term 20p easy. Next week going to be interesting.