Member Info for AdamKahn

No rush to buy, poor sentiment and emotions running riot here, once sentiment changes, and ASOS starts to under promise and over deliver this baby will fly! Not sure if it will ever get to the dizzy heights of £70+ but most deffo £15 to £20 on any credible turnaround. Good luck to all holders and get a life to the naysayers and those who enjoy others peoples loses

Wait 2 to 3 days. Buy at end of day 2 or 3. Benefit from dead cat bounce and then get out!

Snippet from article

For the year to March 2025, Canaccord Genuity forecasts an uptick in adjusted pre-tax profit from £1 million to £2.5 million, ahead of £3.8 million in 2026, with EPS (earnings per share) building from 1.6p this year to 2.4p next year.

Those estimates place ProCook on an undemanding prospective PE (price to earnings) ratio of 12.1 times, which drops to single digits on the broker’s 3.3p EPS estimate for full year 2027, during which ProCook may well pay a maiden dividend.

Canaccord Genuity argues the current valuation ‘does not reflect the growth opportunities from further store expansion and like-for-like initiatives’.

Peel Hunt believes that with ProCook in ‘such good shape ahead of peak’ the numbers can ‘start to move north towards the £100 million sales, 10% operating margin goal in time. Any hint of that happening should see a material re-rating here: the shares are too cheap in our view.’