Stephan Bernstein, CEO of GreenRoc, details the PFS results for the new graphite processing plant. Watch the video here.
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Lovely buy at the end.
Crikey, just had a look, July '17 sp attacking £4. Seems an age ago. Was always a share that moved with momentum. Back then, wouldn't have countenanced a fight to get to a quid!
I remember buying some at £3.80 [still got them] and it bounced a few times off £4. Did get slightly over £4 for a short while but tempted too many sellers.
Agree Shandy. HC is the major reason for the disintegration of the so. Not so long ago, 130p was base camp in the foothills and we went on an epic run to £3 something, I don't quite remember. Then HC sold at crucial points and destroyed an awful lot of confidence. The company is in a much stronger position now, and even more so without the unpredictable HC. Atb
Thanks for the insight Shandy, appreciated. If the progress continues then it can only go one way. Tough market out there though. The run up to Christmas and the first six months of the New Year should show us if IDP are still on the right track.
Nice to see the share price recovering slightly from a pretty awful week or so.
Anyway, using Profit after tax from 2019 (1.01m) and a conservative PE of 10 then with 14.5m shares in issue price per share should be 70p.
However, company is still growing and 2020 profit forecast is £2m - so say £1.5m after tax.
Based on that a forward valuation is :
a PE of 10 is 105p per share
a PE of 12 is 125p
a PE of 15 is 155p
Now with a 20% year on year growth for last 2 years, a reasonably conservative 2020 forecast, a new product on way and HC no longer involved (who many blame for IDPs previous performance issues) a PE of 10 looks overly conservative to me (average FTSE 100 is 14).
So if you have confidence in KC to deliver the 2020 numbers (and first 4 months 38% growth is a strong start) then anything less than £1 is good value IMHO. DYOR etc