From now the only way is up (with the occasional drop) as the turnaround strategy kicks in.
Jimmy----
I believe that the half year results have been pre warned therefore no disappointment.
Agree that a nominal dividend will be introduced at the full year stage.
Agree no MBO
Disagree on hostile bid, institutions would not allow it at 16p particularly if turnaround is on track.
Sale of RR a possibility
Do not think shares will reach 10p until full year unveiled - remember FSH must deliver first. OR River Ranch is sold in the meantime to reduce debt.
As we have all said before turnarounds take time and we are at the turning point.
Director buying would be a boost to the share price only if a significant number were bought say 500K - 1M each. This would really demonstrate confidence in the company.
Do not forget that other employees have options at an average price of 9p.
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