CIR.L Share Price (CIR)

First time I have seen an EBITDA forecast for 2022 performance - from Oryx " The company's management team continued to deliver on the stated strategy of taking cost out of the business while driving sales through its international distributor-led model. The company is now profitable for the first time and expects to generate at least £4.1 million of EBITDA in 2022, a remarkable achievement given the group had lost £25 million of EBITDA as recently as 2019. The balance sheet is robust with circa £13.5 million net cash and management have expressed confidence in Circassia's ability to outperform market expectations. "

If the business can continue to grow its revenue through it low overhead sales model this bodes well for the future. SB

True, but the mkt cap. Of £130m looks a stretch.

Looks like Spreadex (or their clients) exited 1/3 of their position on Friday 1st - explains the 4.375m buy/sell - possibly helped by the announcement we have $10m in cash due from Beyond Air over next 2 years with a potential further $6m in royalties. Update expected next week - should be over £15m revenue in first half; c.£14m+ cash in bank; money flowing from beyond air; and hopefully a positive look ahead for the second half of the year. SB

Hi all, I must be missing something, but does anyone understand the recent significant share price fall here? Thanks

Good point hectordog - although it is possible that there are a number of parties that sit beneath the 'position' - in which case individually they not would trigger a declaration above 3%. Last previous disclosed short position was closed out in 2019 - so perhaps this is a long position with spreadbet acting as the broker? Question is - what has prompted a 14m CFD share trade - normal business aside? SB