I am a long term holder and also very disappointed in this outcome. The timing of this transaction suits Mastercard and not the shareholders of Wameja. Has anyone actually seen the finnCap research paper of August 2019? In their summary they state " Although patience may be required, Wameja is built for it and the longer the inviteable corporate action takes , the higher peer group multiples grow. With a fair value of 30 - 50 p, we reiterate our 20p 12 month target price as the market gains awareness of value of the platform , in anticipation of a corporate event."
What seems to have not happened with this company is any raising of awareness by the directors, particularly in the last 12 months. Perhaps we should be aiming to get a copy of the finnCap report to all the institutional shareholders before the vote.
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