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Some buys at 40p.
The SP is only going one way mid-long term!
This is a great little investment opportunity for my pension pot.
GLA ATB
of shares buy just gone through.
I just bought a significant amount more and averaged up to about 23p in the end. I was waiting and waiting for a pullback... but it went from 25 to 35 and now heading to 45... there may be a slight retrace in the coming days or it may retrace when it's significantly higher from the current price.... Wish i had a magic ball lol!
I have a friend who works in investments and he said one of his colleagues had chosen this company to add to one of their funds recently which gives me reassurance as well. There is definitely momentum with this at the moment.
Playful, don't know about you (not so easy, eh), but I'm happy to have finished passing on my shares from those good old early days to new backers. I hope the business continues its journey but seems to me that the equity is currently pricing in perfect execution on growth by management, which given that a couple of variables are outside their control seems a tad optimistic. I'm off to hide behind the sofa again after posting this. Chipboard chipmunk checking out. See you another time:)
My Biggest holding since 13p not thinking about it until at least £1
Sit back and relax here.
if we will get any advance booking numbers via RNS or interview, i think it would be a very useful indicator of demand.
Tks, will take another closer look.
Quite a bit tbf.
Price recognises future growth.
Pathway to 50 sites
Plus whole digital offering
Plus US and European franchising
to name a few
dont know! but i do know what you have missed the 4xrise since then.
I know that offering bear cases is unpopular on this board, but here goes anyway. I not a 'deramper', just offering my thoughts.
I last looked at this share back in Oct 2020. I've missed out on a 4x rise since then (!), but I can't really see the holes in my analysis from then:
8 sites produce £2.6m GM, £2m cost, £0.6m EBITDA
16 sites would be £5.1m GM, £1.2m EBITDA
Add, say 30% LFL growth gets you £6.7m GM, £2.7m EBITDA, still not even enough to cover the enormous £3m central overhead. Some franchising fees, etc. etc. but seems they have a long way to go to be profitable?
So even going great guns, they will only just be profitable. Call it £10m revenue and £0.5m profit. Mcap now is £35m, right? So it is now trading at 3.5x that revenue and 70x that profit estimate. Seems bonkers over-valued, even with some very generous assumptions about international expansion, etc.
What am I missing?
Now waiting to move towards 50p. Good thing is even in lockdown, company has been doing well. On top they are now in Watford and Milton Keynes.
USA was mentioned by CEO so excitement and momentum building.
SP price action has been fantastic last 6 months or so , however, you can't really compare SP with previous years.
There were c25m shares in issue in 2019 - now 89m.
When this was previously £1 it was valued at c£25m, today at 40p its valuation is £35m.
Agree with long term £1.50 target though if expansion continues and no further lockdowns
Hope you're right! Aside from the UK expansion, it will be interesting to see if they manage to make headway with the US franchise expansion...that really could sent the share price way above 1.50GBP in the next two to three years (fingers crossed!)
I don't see a re-trace below 35p given that lockdown is easing. However I do see the sp back to 2019 levels (58p) by end of May.
looking good for now.
New chapter on lockdown from today. Sp moving towards 40p.
MMs holding this down for the moment.
Some big sells at the end of the day today. I wasn't expecting it to jump so much recently as I was looking to buy more at around 30-33p. Now I have to decide whether to buy more now or wait for a pull back.....if there is one. The charts suggest there may be but they suggested that recently and it didn't really happen.
That silly sausage at Gresham sold the whole lot for a solitary 1p and the majority were bought for 1.6p.
Christmas had come early that day!
I only came in at 13p so don't know the full story.
This reminds me of Ronald Wayne selling his 10% stake in Apple for $800!
To think that those geniuses at Gresham sold their entire stake at 2.5p a year ago
Must have been quite an emotional decision rather than rational, as it was very much Graham Birds original investment thesis that had to be fair not quite gone to plan at that point! Bird subsequently left Gresham and became FD at Escape Hunt he believed in it so strongly.
Needless to say that was quite a spectacular sell at the bottom by the pros that makes me chuckle.
One old friend on the chat boards was very happy about that mad decision and had the balls of steel to soak up all the stock! Well done mate!
37p paid today.
Buys at 36p.
in coming weeks as lockdown eases.