Trade talk5 May 2024 12:21
From a low 330 in Oct '23, Bill has been an outstanding share climbing to current 570 for an investment gain of 73%
if your still holding. On a ytd basis Bill is up (110p) c.24%.
For those o%'s I'd expect to see some nervousness as holders either sell out or trim gains for a free carry. Trading volumes and bargains dealt have increased hugely during this period as the mrkt applauds the results.
Still sells on a underwhelming p/e into 2024 of c.9x with a Cavendish target price of 610. Eps could hit 100p (84p) this year given a fair run and likely futher acquisitions. The company is debt free and cash rich (c.170 pps) an important consideration for investors as rates look to be on hold for a while yet. Along with MSi, Yu, Boo, Vertu & ITM Power, it's one of the best Aim stocks.
Meanwhile enjoy the 33p dividend (well covered/ includes a 13p bonus payment) due to exceptional performance over the year. Payable 2nd July'24. Make sure your on the register.
Afternoon all.