RE: Trading update20 Jul 2018 12:57
I've just looked at the broker report from Hybridan they are saying current mcap 114m, estimated profit £0.9m 2018 and £5.9m for 2019. I would say that the share price is pretty much fair value, the mcap is roughly 20x future profits. For a revaluation upwards we needs more contract announcements, any profits from new customers will go straight to the bottom line because costs are pretty much fixed. Let's hope there are some RNSs on the way.