RE: Looks like..17 Jan 2020 13:01
I’m not so sure, the Chinese hold significant shares at what, 3p or something, directors also have options at higher still I believe?. This company is not unique in the sense it’s trading under value, long waits on any share, especially AIM shares simply plummet whilst waiting. I certainly wouldn’t vote to sell the company for 1.5p! With the free cash, order list and taking into account debts, looking at turnaround and orders my personal figures value this higher.. but who knows, I thought the deal would have gone through by now, and although we are waiting it doesn’t feel as certain as it did, but it’s been hard times globally, a large new client would see this fly, the deal being agreed would see this fly, buyers at these levels would be very happy and the 3p base would seem just that. I think its a hard call until we know the deal is off or on. Without it the company is still ok. Bad news and things staying the same this’ll drop and return to around here until new orders etc, deal and machinery and it’ll be a quick return to the 2-3p zone and beyond. The Chinese know this, so does the recent buyer!! Here’s hoping.