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A Downgrade today from RBC to 2000, an upgrade last week from Barclays to 2500, an upgrade from Numis to 2800 a few days ago.
The annual profit slump of 29% related to Covid closures is the key number here for any downgrade.
Fevertree itself says it expects to increase revenue in 2021 by 12% to 16% and raised its dividend accordingly.
Yes could touch 2000, but I still expect a strong performance over the year and expect 2500 and 2800 to be hit too.
Buy on any dip would be my advice.
GLTA
I would prefer to buy on the dips. 183 is not a dip. Although I expect these shares to go a lot higher eventually, beware of short term corrections. If we spike much higher I am going to close my positions and wait for a correction. My average price is 93 GLTA
It seems the people who run this company are doing so to enrich themselves and not their shareholders.
I cant see how the company directors could pass any sort of dd, given the following;
1. Unauthorised loans using shareholders funds to linked charities 1.2m
2. Using shareholders funds to pay off JLL 400k. The agreement with JLL was well before the IPO.
3. Paying themselves high bonuses for IPO and subsequent under performance.
4. Paying themselves high wages for under performance.
5.Not delivering any profit to shareholders despite a 165m IPO.
6. The poor management and performance has seen the stock price crash from its initial IPO price to where it is today.
7. CEO already took all his profits and only owns 2% of this company now. Big red flag.
The only way shareholders will get an improved offeer is by selling the loan book.
Seems the independent Directors are asleep at the wheel.
This company does not make any money for their shareholders. All operating profits are gobbled up by inflated wages and bonuses, that's their business model. Talk of Billions in loans and future profit is as I have said before, just smoke and mirrors to entice more innocent buyers/ funds. The delisting from AIM and the break up of the company could see shareholders recover some of their losses.
Just got to feel sorry for those shareholders that bought into the IPO and paid a fortune. This company is all smoke and mirrors and a lot of fancy talk. But no operating profit and as it has turned out now, no substance either.
Depending on their timescale, but the 2,900 target is far too low imo. If end of year financials come out as expected then this stock should easily beat the 2,900 level in the next few months. I would be surprised if it is not close to the 4000 level during 2020.