Under Valued General Shareholders need to consider very carefully the offer by Friars 716. Less than 2 years ago the stock was trading at 11p when Company debt was in place. Now following an asset sale, debt has been eliminated and £1.6m cash realised, and a share buy-out is being proposed by all but one of the existing Directors. The buy-out values shares at a paltry 9p and gives loyal stockholders NO share in the prosperity SWP are soon to achieve. What happens in Board-rooms and in Private, is a mystery to most Shareholders and in this situation does nothing to support Investor confidence. This Friars offer should be rejected.
Day Light Robbery ULVA alone is worth £15 Million
NEW ARTICLE: SWP: Pipes, not dreams "Assets and potential earnings make pipe specialist SWP a candidate for investment, despite disappointing results.In full-year results to 30 June, SWP reported revenue down 15% from continuing operations. Adjusted profit fell 2%. Including ..."[link]