Hi yeready - it's worth noting that PHE is carrying about £54.36m of retained earning on their balance sheet according to their recent financial report so should the business become profitable that is a debt that would have to be paid off before the tax man would get a look in. That means that each share is carrying the equivalent debt of £0.14. Should the business start to turn a profit, with the growth potential outlined, I would hope that the tax-offset 'value' of the debt would count for something... Not my area of speciality but something I would factor in were I looking to buy / sell the business.
Positives: On time RNS: 14-21 days to next stage: Commencement in earnest: High no of inquiries globally: Ease of operation: Easily shipped: Public demo to follow testing: Are some folk really moaning!
I was happy enough with the RNS inter, it just confirmed what we had already heard via Tewkesbury, but as soon as I read it I thought that the price would drop.
The market generally doesn't like delays, even minor ones, but more importantly I knew that all the traders who bought in very recently expecting the bumper RNS would sell and take their money elsewhere for a few weeks. Attention span of a goldfish. They might well be paying a higher price to buy again in a few weeks time, but their philosophy is that they can make their money work better for them in the meantime, chase the next hot thing.
The possibility of a double digit share price by the end of the year is still on though. Q4 is only a couple of months away and we could easily have orders flowing in once the demo is successful. It might be an interesting 5 months coming up.
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