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"Quid, the valuation here is nothing but speculative. That's a fact!"
Of course it's speculative !! This company is still in it's infancy.
I must admit, looking at the bottom line figures in the RNS, which usually overrule any "we expect" or "we anticipate"s , about future performance, I half expected a little drop today. But the SP has held up again. This seems to be our level at the moment, and I'm more than happy with the progress we've made from the 3 and 4p days. If this was overpriced, no one would buy them.
If you think it's a pumped up price.... don't buy them....Simple...
The company was awfully run by a total and utter disaster of a CEO as an Oil and Gas business. That is what the results show to all those that already knew that and already knew the financial results (up until end of March) would be poor.
Nobody has been investing over the last few months with this SP rise for these results, nor any of the oil and gas assets!
The results show the hard work done by those beforehand who held the reigns for a while, and continued onwards with Trevor and Antonio to remove those aspects of the business.
Their years of experience (T&A) in the cannabis field is going to drive the CBD buisness to contain one or more Global Brands.
The distributors hold 24.75m shares and owe the company significant sums for those shares, if not already turned it into products.....
Their sales have increased, during the Covid footfall decrease. That is a huge statement.
People would have been happy with 5-6 items per day per store. Those figures alone over thousands of stores lead to incredible revenues and massive profits with the agile business model in place.
If they have managed to significnatly increase those numbers the financials are truly staggering.
If they are outselling the other CBD products in those stores that is likely to include Cannadips which is the USA's number one product in that space, hopefully not for long!
Chill..... and forget 10p the only way you are seeing that is if it is on a dividend statement.
Speculate to accumulate
Yep companies like fevertree ASOS boohoo,were all in the realms of fantasy..many people think this is of that ilk ..
and your post are worth reading Sunset?! Gimme a break.
Get those jogging shoes on mate..........
Someone said 10p a few weeks ago, I was awaiting it with hope but it didn't come. Bought more anyway. All about 2021 for this company. Just you wait!
Sorry for quoting facts from the RNS
Bad news all behind us now from the demons of the past.
Bring on global domination and pounds not pence!
hahah bye.......................
LOL nice one HD. The trolls last roll of the dice today as backfired hahahhahahahhahahaha
I'm so so glad you mention 10p I imagine I shall be recieving that at least per share in dividends within a couple of years!
On yer Sunset. I'll have a pint of whatever you've been on.
Jog on mate..........