Treatt Share Price (TET)

Agreed Sheerclass - I was half expecting a Prof Warning with £ being so strong too. However, they really pulled it off. Let the re-rating begin in earnest. After Budget, this should propel forward.

Rumpel, it's the 16.3% H2 growth that is most impressive, to grow 7% for the year despite H1 being down 5% was a real positive surprise.

Indeed, if we look back over the last 16 half year periods, such growth has only been exceeded twice; H2 2018 managed 18.6% and H2 2022 16.4%, both on lower bases. On an absolute basis the £11.6m revenue growth is a record.

The most recent positive half was H1 2023 which saw 14.6% growth and represented the last time shares traded significantly above the current £4-5.20 range (they hit £7.20 in the weeks after the results), I see little reason why shares won't trend towards that level over the coming months.

Interesting update - some growth (7% growth is not amazing when I daresay inflation in some of their markets should have helped contribute to that) but I liked the cost discipline which suggests the benefits of the move are starting to kick in. The ‘jam’ bit of the sales team and future projects from their cashflow will hopefully deliver and if we can see acceleration of sales (obviously maintaining cost discipline), then I agree that this share could start to pick up. Fingers crossed!

Yeah, a lovely set of results and almost no debt now. Good stuff.f.

Topped up after this update (though still underwater). I think we should should see a steady improvement in the share price to more 'normal' levels.