Dropped in and late reported too. MM trying to work out how to make this work for them? Shall I tell them? You take us up to fair value :) It's that simple.
If CTP have a £65 mill Mcap I want £15 to £20 mill Mcap for PINN at the very least here for starters and that's before any acquisition .
They aint doing any better than us? We have a better retention rate of repeat business which tells you how the customers rate us.
CTP is 55% or something from the top of my head whilst PINN has 87% of repeat business. Now that's a lot of cross selling when acquisitions are made. We already have large and varied customer base which is not only growing with the Baxters contract and the 02 contract but organically we are getting back to rude health ladies and gentleman.
It's a no brainer!
This buy and build will be so much easier than the CTP Jobbie imo.
They can only sell em once then the new highs will come when the sellers are exhausted ;)
One of the things that's going on atm is this:
The lack of stock means the re-rate has got to be done in stages. They need to keep taking it up to flush the sellers out to get the stock but every time they do a little more stock sticks to the side..ie those who are buying that stock are buying to hold. The more that sticks to the side the bigger the rise need to get more stock.
It's a vicious circle and I hate to be the one that tells you...but!!! .it's a neat and tidy little circle to be in and for those of us all in now and getting in now we are in for a great ride over the next 12 months
for the short term though I think 30p will come soon enough imo
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