Pinned straw:
This is such an interesting company to me. The thesis is clear and obvious, the question is whether the company can pull it off.
I also note that the price has dropped, but it seems that fundamentals haven't improved much either.
Has anyone been following this one closely?
The words "Strategic Review" were the first ones I saw and it didn't feel good. After watching the last SM meeting, I got the impression that he was getting frustrated that Mr. Market wasn't recognising the value he believes lies FDV and now it's in writing. Maybe he was hoping the Dubizzle float would have been announced by now to release a bit of cash.
But the run up in share price prior to quarterly announcements and the subsequent crash is becoming a bit predictable. Maybe I should trade that instead?!?