17 April 2018 – proposed cancellation of AIM quote
The company has put forward a formal proposal to delist from AIM next month. If approved, as is almost certain to be the case, there would be an associated distribution of capital amounting to 3.5p per share on 23 May. There is further cash to distribute to shareholders in due course and costs moving forwards are being kept to a minimum. Hence, we now put fair value at 4.25p per share. An opportunity to buy in at under 4p per share should be taken in the coming weeks and we continue to advise readers to BUY ON WEAKNESS.