Originally Posted by
Maxfli
Sad to see NAS total share capitalisation dropped to below £35m today.
Similar value to Sunderland AFC.
That don't add up. Sample: one leasing company alone flaggged today 335 million shares in the company as 10.9 % of the total shares, and they traded above 2 nkr each today.
After all the new shares is added there will be 3 billion shares in circulation and that price would give a valuation of above 500 million pounds.
I doubt it would be much less in the accounts. They did convert approximately that amount of debt to capital and they haven't spent the 300 million government loan yet.
Even if the share price goes down to the expected 1 nkr a share it would still be valued well above 250 million pound.