Market's view on Chariot Ltd
Published on April 2024
- A Stock watcher expressed scepticism towards Chariot’s valuation, suggesting it is overvalued and likely to see price correction post-anticipated well results, highlighting potential future cash calls and a prolonged wait for positive cash flow.
- Another Stock watcher, upon investigating investor Askar through Meridian, noted his strategic and longer-term investment approach in various sectors including FMCG, natural resources, and infrastructure, suggesting his increased shareholding in Chariot is a vote of confidence and not a mere quick profit strategy.
- Comments include frustration with Chariot’s current performance, with one Stock watcher voicing disappointment about the company’s direction and stock performance.
- There is concern about Chariot’s future, with a prediction that the company might fold due to massive debts and inflated forecasts of gas volumes at Anchois, hinting at possible investigations.
- A Stock watcher highlighted the market’s overvaluation of Chariot at 90 million GBP, criticising its ventures into green hydrogen and Moroccan assets as worthless, questioning the real market value of Anchois’s 30% share.