underfog wrote:richard@imutual wrote:William Joseph wrote:Personally to say the shares in imutual "have no known value" is an exaggeration I think. Reality tells me they are worth zero.
Would you be willing to transfer yours back to the company for 1p?
At a rate of 1p per share - no.
At a rate of 10p per share - yes.
Based on 8,936,947 shares being issued, 1p per share would value the company at £89,369.47, excluding the part of the company owned by Richard et al.
For a company that made a £19,050 profit in 2016 (£3,762 in 2015) and with relatively little cash in the bank, I'm thinking 1p per share could actually be quite a generous offer.
As for future growth, who knows? There could be one day when imutual becomes the new Top Cashback or Quidco, but I fear the opportunity for doing that may have long gone.