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This has taken a bit of a battering from some aggressive selling lately but is now surely too cheap: NAV according to the latest consolidated accounts is £90.868m. Market cap just £48.370m.
... today. Small sells but chunkier buys.
Quite a read. Not a great bottom line result mainly as a result of negative value/goodwill adjustments etc but underneath it all there is plenty of growth and good potential for 2017 and beyond, imo.
Results due Monday. All trades currently being reported as sells whereas several, including mine, are buys.
Massive discount!
It's in published RNSs e.g 17th November.
Where can I find this out please?
I don't understand much of it frankly!
What do you make of the RNS? I'm all for simplifying this one as it was impossible to tell what was going on 2 years ago. I am hoping for a turnaround on this one.
We go
I wouldn't class this share as particularly volatile frankly. It has been on a downward trend since the dividend was halved at the end of 2015 but seems to have stabilised and indeed is showing signs of a possible turnaround in my view. The last published NAV was 36.82p as at the end of September, which is well below the current sp so plenty of room for this to rise, but please DYOR.
I know nothing about this share save I've made a punt on it! Can anybody please explain why it is so volatile?
Buys..onwards and upwards.
...... to the results at the end of next month. Should make interesting reading and give an indication of the extent to which the strategic review is coming together/paying off. Logically would expect an uptick from where we are given the various announcements on progress during the past year and the continuing discount to NAV.
We will see. It's still significantly up on where it was.
spoke too soon?
Quite nicely lately
for clear signs of traction/fcf profitability ..imv
Looks like an institution buying.
stopped out??
that is!
Is just over 37p according to the half year report
No crystal ball here on that one I am afraid. At least it's up a bit this morning and the divi is there in the meantime.
perhaps..but where from ?? ..sub 20p?
I still have some here but way down in the red. Hopefully the tide will eventually turn.