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Lemonade OTB has to post about £20mln statutory PBT to justify the current valuation, even more for a higher valuation. If the travel industry can reassure that for the years to come it has the potential to perform as strongly as it did in the last 2 years, we could achieve a stable higher valuation. At the moment as Mary pointed out, it go either directions at the upcoming TU. I wish current holders for an upside, I will take a chance if an better entry point arises.
weak argument alessandro.
adjusted profits is an obvious bull**** number that all companies product, you have the option of easily ignoring it like i do.
also why would gross profit be after marketing lol? marketing is an opex not a cogs.
i don't see any embellishment, just the usual crap that companies do.
Why is SP languishing OTB whilst rest of FTSE is roaring?
< 10 days to go to TU
Why adjusted profits are so much higher than statutory? What are the intangible assets that they amortize? Is it a strategy to save on tax?
What is the point to give Gross Profit before Marketing? That is a real cost for running the business and it is very recurrent.
OTB does a bit of work to embellish its financial statements even if it doesn't need to.
Re -added ahead of the 14th seems like a run to 170p is coming again.
This is like watching paint dry or waiting for a bus...
Whilst 120p is possible in this market, 200p is more likely imo. Providing results are good next month, it's probably only going 1 way. It's historically cheap right now, and profit and revenue are just continuing their trend back up following the Covid blip so I don't think they will drop again, unless inflation spikes. Lots of variables but this looks a v good bet at the current price.
Share price holding up well considering everything going on. Inflation falling so more cash for holidays. Net cash and good cash flow...so where's the 120p coming from Alessandro? Keep munching the crayons, it must work for you.
The holidaying frenzy will eventually subside/normalize.
It is premature to wish for 200p per share. I don't have a crystal ball but that's my guess at the moment.
Donkeyeeyore not at all, I hope it goes down to 120p for a good entry point, and get out at 160p.
In the current market 120p is totally possible
Alessandro, 120p starting to look a bit distant now?
Alessandro, from your posts I suspect that you are a trader rather than an investor. What don't you like about the figures? Made up with Ryan Air, labour government incoming spend spend spend, what's not to like...happy days ahead.
Alessandro, on what basis do you think the shares are overvalued here? They are on a forecast PE ratio of 11.5 (which it seems they will definitely achieve) and a 2 year PE of 9.9. They currently have around £71m net cash and this will likely rise to around £91m this year, which effectively reduces the PE ratio by a third. In my opinion this is certainly not overvalued and bar any unexpected issues in the next year, it's hard to see this being under £2 which is still way under it's historical average. I can't see how you think this is possibly overvalued in relation to the rest of the market?
Donkeyeeyore from an insider you'd expect much larger purchases, you'd even remortgage your home if you knew as a certainty that the future was going to be bright. I wouldn't speculate too much on such small buys.
OTB has been overvalued for a very long time. It is worth buy more if (and possibly) drops further. It will spark my interest below 120p.
Good to see the Chairman and Secretary loading up their ISAs with OTB.
Happy days ahead methinks.