RE: And ...11 Mar 2020 23:04
Hi Ocelot,
Sadly the two companies are not alike:
One has proven time & time again to be run by trustworthy professional management who also have the backing of a much larger & highly respected industry player. Numis (one of the market's most highly regarded brokers currently values them at 6p).
Angus - on the other hand - have a tainted history of dodgy share trading, forced boardroom coups, missed deadlines, failed operational missions and amateur & petulant behaviour... none of which has added shareholder value and has all but destroyed company credibility.
The other company has a proven track record of delivery... is well funded, protected to an extent against the current global crisis, and in all likelihood will re-rate significantly some time later this year...
Meanwhile, Angus is badly managed, poorly funded, and will bear the full brunt of any fallout from difficult market conditions. Investors will seek out safe havens and remove their support from all but the most reliably managed companies in the weeks and months ahead.
Angus already badly need new shareholder investment to allow RiverFort to convert... fewer and fewer buyers and the money pit for Tidswell & chums dries up for good I'm afraid... the next few months will be critical and "ANY" kick-backs on timeline... or refusals on planning... or operational disasters will be terminal for this company IMHO.
YL :-(