RE:RE:Looking on the bright side.....There are some positives, assuming that the cash held (which is worth more now, opportunity wise) has not been deployed since year end.
It's important though to keep a balanced perspective because:
a) PLM, the most important investment has lost about 300M in value (AIM's share) and the airline anchor partner is on the edge of bankruptcy.
b) In terms of timely and opportunistic buybacks, the idea is to buy the shares when the price is low. Regulatory disclosures reveal that MIM has recently disposed of about 700k shares..
c) the company is still cash flow negative and needs to pay extra income tax on dividends paid (Q1 will show an accrued tax expense transferred to a negative cash flow).