RE: Holdings.20 Jun 2018 09:36
Dsfat, very good point, and thanks for emailing and pointing the HHDL website issues to Alba.
On the issue of evaluation of possible future revenue and company value, IMO is totally useless for an AIM company with no income at present. Is all down to sentiment. Sentiment. I witnessed a company with no assets at all, only office space, going to $200 million capitalisation, before going bust.
As of yesterday, since the OGA announcement on 14th June, Alba traded 187 million shares compared to Ukog trading 1,658 million. This is purely because market sentiment for UKOG is positive and for Alba is negative. Why?
IMO, Putting the Alba fire out when the OGA approval was announced did it. 238 million shares sold below 0.28p since OGA approval announcement - Where did these come from? Who sold them? Why is the bid on level 2 now sitting at 0.24p?
Alba BOD needs to do something about this. We should all be emailing them asking questions. If the SP doesn’t improve, we will suffer substantial deterioration in the not too distant future. Unless next placing is done at a higher SP we will be in trouble. We should not ignore this fact in future projections.
Dowgate initial estimate was 17p then reduced to 6p. Where did the Alba share float go from to when these two evaluations were done?
Sentiment has to change and change soon. GF needs to act.