Benchmark Hlds Share Price (BMK)

Happy new year everyone, well actually it seems to be just the 3 or 4 of us who are prepared to write a post on here. Others have moved to different waters…
Still bemused as to why this stock is like a dead fish, but have put my money where my mouth is and am predicting a stonking 2022.
Leaving all the fishing stuff aside, have you seen the substantial Director buys end of November?!
Something is brewing here and I hope I have landed the big one. Listened to the very positive presentations again. Current price looks to be the bottom over the last year too
All feedback welcome, especially with appropriate puns
GLA DYOR

Took a position myself this week, although three of my Investment Trusts have pretty substantial holdings in Benchmark (OIG,NAS,OIT), so won't go overboard. They do seem to be gathering momentum and like yourself - it appeals as a niche product. Pretty happy that Harwood Capital are supportive.

Please see my post back on 5 May. Surprised this board is so quiet. Didn’t expect or want to wait this long for this to take off, but in view of the shoal of Director Buys in November, impressive RNS today and so much potential in what is a very bespoke market, hopefully it will now. Bought more today and with projections of 84p (which I think is conservative) and since this stayed in the 60’s, seeing little downside. What do I know about fishing? Practically nothing. But everything I read about BMK appeals. All we are missing now is a dividend, I will be happy with getting around £1 As usual DYOR GLA

#BMK Benchmark Holdings’ FY21 and particularly its Q4 (July to September) results confirmed the strong recovery in the business, led by its nutrition business, that had been indicated in the October pre-close trading update. An improving outlook in its key shrimp market and good conditions in the salmon and sea bass/bream sectors underpins an upgrade of our financial forecasts for FY22 and beyond.

With £20m raised via a placing, Benchmark is now in a stronger position to invest in capital expansion projects ahead of the refinancing of its NOK bond, which falls due in 2023. A possible share listing in Norway next year may also provide better access to aquaculture-specific investors/capital.

Taken together, these elements boost our overall valuation. We have updated our model and increased our expectations across the board to reflect the current outlook and trends as well as the placing of 33m shares at 62p/share. Our revised estimate of the fair value is now £583m, up from £550m, which is equivalent to 83p/share based on the enlarged share count.
https://www.equitydevelopment.co.uk/research/strong-performance-and-improving-outlook

https://www.proactiveinvestors.co.uk/companies/news/968861/benchmark-holdings-plc-aim-bmk-one2one-virtual-forum-9th-december-2021-968861.html