RE: MTC29 Sep 2020 20:28
I topped up today as have followed since the steep rise a few weeks back. After those results I went in on the dip at 9p.
Do feel there is a lot more to come here
Market size for trades a bit of a pain though.
I agree with this from JT which I’m reposting
300, Hey, small world. Good to see you.
My opinion on MTC fwiw. More by happenstance than design, this outfit has found itself in the enviable position of controlling the master licence worldwide for a brand that is still sought after and much respected overseas, but without any of the risk or cost of being the actual retailer that they were best known for in the UK. Bearing in mind pre virus Global was returning annual profits c£25m, it's not hard to see why this will attract attention from some powerful players (NXT) rather than bottom fishers (BOO, Hilco etc) once the sign out clause with the UK Administrator's ends in November. Can see a take out price itro 100-125 million (4-5x p/e on recovery) being achievable against current market val of £35.5m. Usual caveats apply, def not for the faint hearted. Solid CEO appointment key now to efficient delivery. Jtini