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Yep, I think that's the message - nothing horrible, but also the full transformation not showing in the figs yet. Hold fast, and buy on the dips!!
Agree, no nasties as far as I can skim-read, but no big story on Hypocat yet - this could be a gamechanger coming in from left-field on top of the more obvious. Nonetheless, think there is a long wait for big returns, so back to trading (or more truthfully gambling) in the current market mayhem to keep the family fed & watered for me !
Strong results despite Chile issue. A lot of their products are dollar benchmarked as are some debt - so forex impact on financials has been pointed out. Overall I'm very pleased as these results are only demonstrate the very start of the transformation of the company.
Well, the only stocks really holding up here are the stable businesses with lots of non-Sterling exposure - BMK qualifies I think, hence why the stock is holding up so well against other stocks in the small and mid-cap universe!
Tricky time for any company releasing news just now, but hopefully good news will reassure the long term position. Let's just hope that Hypocat is not a dog like Circassia's alternative......
...we have another seller here - can't see any news though. Hold fast!
... today. 3x the daily average in the first 2 hours!
Yes, thanks LO. On small comment - I believe the EPS are actually in pence, not pounds (and certainly not £m) - otherwise this stock really would be cheap!!!! Stock looks cheapish but not astoundingly so based on those numbers to be honest. However, as you say, they look quite conservative so hopefully will be beaten!
Thanks LumpedOn for sharing, much appreciated :)
They show revenues for 2016 estimated at £108m rising to £143 and £155 next 2 years. Adjusted EPS shown at £3.5m rising to £4.9 and £5.7 next 2 years - but a target SP of 70p. These are lower revenues than the latest Equity Development note, which shows £117.1 / £162.2 / £195.5, and higher than ED's EPS shown as £1.80 / £3.21 / £5.24 for the same 2016-18 period with a target SP of £1.30 Both appear to assign £0 to Hypocat in the notes for now, but it is clear that this can be a mahoosive upside if the 2018 commercial launch is successful - and for that we have to wait again for news ! Patience, and a solid belief in the "journey" is needed with this one - be a brave man who tries to trade it over the coming months.
Can you tell us what revenue and earnings forecasts they have for next few years? Thanks in advance!
Re Research report - I have rung the number listed on the company website - it went to Finance, but they have promised to ask Communications to contact me re the research report. I did some homework on this over the weekend and added another 30K today at 62.5p.I expect that the results on 28 June will give an impetus to the share price and in terms of the longer term this is way undervalued. Good luck all :)
I haven't no. Where's the best place to find it LO?
Anyone waded through this mighty tome ? 47 pages of detailed analysis which, from a thorough and reputable company, gives plenty of detail. Interestingly only assigns a 70p target SP, but importantly is still ignoring value from other prospective parts of the business - like the upcoming Hypopet stuff. Are they right in assigning nil value, is it just more "Hypo" or is it for real ? Want to see some real business numbers now, not analyst / journo speculations. Patience, patience.........
Thanks Mb, certainly agree with all that, glad the market is coming round to it.
Tipped in the latest Shares mag as well. Strong IP, multiple revenue streams, multiple geographies, tightly held with good institutional support, Inve acquisition in Dec 2015 likely to make this transformational in terms of revenue and profitability. I have opened a position with 50k buys today. Good luck all :)
Thanks for the tip Big man.
Its an Alliance trust circular tip thats generated the rise !
...or is that a 9% rise in the stock price this morning!! They should change their broker more often!!
Agreed, nothing much to get one's teeth into is there. Guess we'll have to wait for the numbers. Good news is that comparables are going to get a lot easier in the next 12 months!!
or at least no "shock / horror" in today's RNS. Continues to be a waiting game for any financials though and meanwhile I still carry a big old underwater position with SP as it remains. Long term one this one.......
Agreed. Time will tell whether the levels are clever or not........!
Personally I think the statement last April was advanced due to profit warning issues, as market regulations demand a notification of a material shift in financials. Nothing issued early is therefore a possible good sign this year ! No reason to believe anything will be wrong with INVE, but agree some upbeat news would be great - you have been buying at clever levels - I got my 3rd tranche via the placing so am ma-hoosively underwater on that for now, but remain confident in this one and the low current price just allowed me to move a big lump into ISAs ready for the rises........ Bring on the Hypo-cat/dog/ferret/budgie range I say.
Last year, the Company released a trading statement at the end of April for yr ending March. I'm not sure whether this was just because of the Salmosan profits warning or a regular announcement? I for one would dearly like to hear how the new merged group is doing and would prefer not to have to wait till June!! Some good news on this could see a very sharp improvement in the price from these levels IMO.
Agree. I bought more yesterday at 53.6p, and if it falls below 50p I'll buy some more. This is a company with a fairly unique position in aquaculture given deals over the last 3 years, which is now investing heavily in R&D. First signs of fruits from their labour should have a significant effect on shareprice. Multiple is now less than 2x sales which feels way too cheap versus peers.