Good news, bad news, page-359

i got in at $50 last year and have seen this go till $80. I am a bit sceptical if it would go down to the 50s again ( unless a punchy overall market correction). in the last 12 months they have secured a contract with a hyperscaler in their ic3 east data centre (fully renamed now) . Billing is to start in a couple of months from the hyperscaler. their construction of ic3e is complete. Ic3 w planning approval received. So in summary lots has happened in the business. at the current SP sits at a fair price level. price to book does not cover the fact the asset value of the Capex needs to be considered. ic3e potentially will be a sold with a leaseback generating further cash.

suggest go to Roger's website and read through all the presentation completed by his asset manager Gary Rollo on the company.

i agree he has been on the media a bit too much selling the merits of the company, but this company has a top notch management. 60% owned by insiders.

fyi- Roger's small cap fund is not actively selling or buying this as of October. Perhaps they are waiting for the $100 trigger