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Appreciate your insights guys. The future does look bright... let's hope they can muscle into Europe which would make a huge difference for the upside in price.
Slight note of caution is the PE is quite high for sector. Stockopedia says 16 which is not too bad others have it mid twenties and dear old LSE comes in with a completely doolalley 60. Not their strong point financial data. They are expensive as are most good shares with value and growth. They look well set for the long term, but clearly the market is cautious. Gl
As expected resolution passed for capital reduction and proposal of 1.5p maiden dividend. Court approval sought by end of month.
Having top sliced , bottom sliced and middle sliced last week, frantically bought them back yesterday and today. Very fortunate with the huge sale bringing the sp right back. They all got gobbled up pretty quick apparently. No idea who or why. I guess the market is always suspicious of anyone doing this well in this climate.General consensus is anywhere between £1.60 and £1.80 would be justified , but they are talking about doubling market size at the same time as increasing margins! Seems incredible with the competition but they are considered the bees knees for service. Not often you can say that about this sector. Gl all
Predictions/guesses, take your pick. You certainly seem to have been very astute with this one. I'm going to take some gains when / if (i think when) reaches 140, it feels like this is a good solid investment with potential. I'm simply going to predict a healthy upside, all IMHO.
GLALTH
Do any of you savvy people have any estimations on what the share price could potentially hit in the next 2-3 years if expansion into Europe does pan out? Quite a novice investor here but I managed to buy some shares when it was at 40p listening to Paul Hill's predictions. I've lost on Boohoo, National Express and a couple of others and didn't want this one to go the same way...kind of hoping to recover some of my losses. Thanks for any insight!
Same as previous update hit 108/110 and dropped back to settle around 100
Well that didn't last long will we see 110 again?
And of course no debt!
Also I THINK the CFO said they have over 50m in the premium account less 25m for below , balance 25m+, and I'm sure he said we want the balance if required for future expansion/business requirements. This is just from memory so pinch of salt maybe required.
IMO no, if they did a placing after capital reduction, the market would have a real question about the management team.
"If it becomes effective, the Capital Reduction would create additional distributable reserves to the value of around £25,000,000, which (subject to any arrangements required for the protection of the Company's creditors and any directions given by the High Court of Justice in England and Wales (the 'Court'), in confirming the cancellation) may be used by the Company to deliver returns to shareholders in the future, whether in the form of dividends, distributions or purchases of the Company's own shares. The Capital Reduction is expected to be completed by mid Q4-2023.
The Board intends conditional, inter alia, upon the completion of the proposed capital reduction, to pay a maiden dividend of 1.5 pence per share in respect of the financial year 2023. A further announcement will be made in due course following the conclusion of the capital reduction process."
Is this the time they do a placing now it’s on the up?
Is a potential TA target?
Fed up of bagging a winner and then losing some profits because of a placing … don’t want to be gready- nice to take a profit..but when??
Good to see the professionals adding at £1.20 or so.
Glalth
I'm not a chartist but the trajectory looks great (and deserved).
I might take some profits at £1.40, nice little earner.
Good to see 1.20. Hope it holds!
Elrico. Like the final comment, ‘should thrive for years if it survives M&A activity of traditional bank.’ Got to think why are they (the banks) leaving it so long? Every day now its going to cost them more. I suppose it would cost them too much in an inevitable bidding war. Win win
Https://knowledge.sharescope.co.uk/2021/06/25/equals-group-plc-are-they-making-a-comeback/
A professional presentation with Q & A on InvestorMeet last night. These two really do know the company inside out. I was particularly interested to learn about Europe. Equals have presented a plan to the NBB which is awaiting approval. IST seems proud of the thought that's gone into it, in putting it together. Can't wait to get going, looking for around £10-15m in revenues from Europe next year. There is a lot of pent up demand apparently. USA not forgotten about entirely, but emphasis will be on growing Europe in the short-term. The future of Equals does look very exciting, also a look at moving to the main market is likely, when the business is considered big enough.
Here's the link.
https://www.investorschronicle.co.uk/ideas/2023/09/13/equals-is-on-track-to-deliver-a-70-upside/
GLA
ST tipped EQLS April 2022 (Alpha report) and July 2023
A SImon Thompson buy tip for EQLS has just appeared on IC. A search of the IC website suggests this is the first time ST has tipped EQLS.
Just listened to the Q&A. Both seemed supremely confident with a real vision.
I missed it live but available on VOX.
https://videos.voxmarkets.co.uk/video/6317
Some chunky buys this morning.
Results pretty much in line with expectations. Q3 update is on track for approx £25m revenue, and still on track for for my previous 'guess' at £97m (maybe a tad more) for the year as a whole. GP% better than expected, comfortably over 50% and adj EBITDA already over 20%. Now getting EBITDA coming out at £21m for year (after about £1m loss on Europe). EPS for the year should be around the 6p mark.
In the current market, we will be doing well with 20 times PER. I do not therefore expect the sp to go over 120p in the near term. The medium term though is very clear, and the leverage in margins very transparent (for any one who can do the maths). Projections for 2024 and 2025 - EBITDA around £40m, and then over £50m.
Investor Meet presentation available, and well worth viewing.