Market's view on Gunsynd
Published on April 2024
- Concerns are raised about poor stock selection in the gold sector by the company, despite the sector being a promising target.
- A director made a purchase of £4,000 worth of shares.
- Frustrations are expressed with the company’s strategy of spreading investments too thinly, making it difficult to realise any for cash.
- It is noted that the company’s administrative costs are high, hinting at inefficient financial management.
- The company is accused of operating like a personal portfolio for the directors, potentially leading to a wind-down of investments mainly to cover fees and salaries.
- Negative sentiment surrounds the company’s AIM-listed status, suggesting a typical pattern of poor performance and low returns.
- A stock watcher expresses regret at not performing a net asset value (NAV) calculation, reflecting a lack of confidence in the company’s valuation.
- The strategy of putting many investments into one sector is criticised, implying a lack of diversification.
- The company’s involvement in questionable investments is highlighted, indicating a potential risk for investors.
- Despite some negative views, there are positive comments about the company being undervalued and starting to re-rate upwards.