Originally Posted by
pierre
Wow - up to 3.9cents. That's the highest for around 4 years.
Mr Market is obviously getting interested again and clearly anticipating a positive future for the company. I hope we receive some indication at the ASM of the expected level of profitability for the current year so the SP doesn't soar too high on expectation rather than reality.
However, if the profit forecast and the market development update are both in positive territory then a sustained re-rating is possible.
Maybe 10 cents a share in 3 years time could be a real possibility?
My substantial holding has now more than doubled in value and is reaching a rather alarming/exciting 20% of my portfolio. I know I should unload a few but I've been holding and accumulating for 10 years now and intend to continue to enjoy the ride on this roller coaster.
Whatever, the new MD will be a happy chappy. His holding purchased (with a loan) at 2.99 is looking good right now with a 30% gain - and he hasn't outlaid a cent to pay for them!