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Brokers view for next year is an estimated turnover of £23.7m and a massive increase in profits to £5.3m, giving some 1.8p per share in earnings.
They consider that current and prospective capital spend will still leave the group with £2.3m in cash at the end of this year and then £6.5m at end-2022.
The market is suddenly awake
Yesterday’s news was like an explosion.
The potential in this little ‘penny stock’ has now been identified – weeks after Master Investor readers were alerted and months after Andrew Simms’ comments on behalf of Arden Partners clients.
The average dealing volume in the shares has been around 250,000 for some while, despite sudden flurries up to 750,000 dealt in one day.
However, yesterday the dealings were a massive 83m shares traded, closing at 5.75p, up 40% on the day.
My View
There will be hiccups along the way, with big swings in either direction, but I consider that these shares are now heading up to scale the 10p barrier.
Arden has a ‘buy’ note out on the company, looking for 19p as their price objective.
Win: i agree re RNS timing in hindsight. but before today's (lack of) share price move i'd have argued that they played a blinder. followed up a great contract on Tuesday with another really good one today....AND they even clarified that no raise would be needed for the second one......i honestly don't know what more they could have done (cue comic responses about handing in their notices) .
still, by my 10 year anniversary (next summer) i assume the numbers will start to show and people won't need faith, they'll see it in black and white in the 2H22 figures
I agree 100% I think this is going to go lower again.
10 year contract having zero impact in day on this. Tells you all you need to know about Peter and the gang and what the market thinks of the circus. Until things are clear and over the line nothing will happen here due to the clowns reputation
Aiming- I can imagine PF will be pretty disappointed by the market reaction but something you never can judge.
I think we’d have been up more without the RNS on the back of yesterday’s news. Then announce this next week to give another boost. Like I say , so difficult to know how the market will take news , especially when it comes from Fooler.
PF: here's a shiny new 10 year contract, should be worth about $1.1m a year in revenue, enjoy. ps. don't worry about the upfront costs, we've got that covered so no capital raise for this
Market: Ooo, thanks. let's trade 45 millions shares and end up where we started the day.
great day to be an MM
A lot of traders to churn, so no surprise. It should rise easier when all the short termers who bought 4p-5p are out. Wont be many left now.
Looking ridiculously cheap at £18m mcap.
Westminster said the deployment phase of the contract will take 18 months, with the EXPENSES for this paid from existing company resources.
agree, its amazing how 2 new MScs only brings about a 50% rise from the very lows [4p]......... This is where Peter should get his IR team to get off their bums and earn a living..... Tommy Cooper hasn't done a days work in his wsg life..........B
I don't think anybody will deny that there is a bright future and that it is undervalued. With the benefit of hindsight though the share price would have been higher had he announced them the other way round and then done his interviews. Todays one first would have reassured that they had sufficient money and yesterdays would have propellled things further on top just due to the size of it.
"broker note makes it clear = NO PLACING Smirking face
Expect a raft of further news.
Double digits here = 20p"
https://twitter.com/Ahk910/status/1405136432327544837