RE: Ceres17 Mar 2022 07:58
Accepted Jim. It's a very crude analysis on my part. But Ceres also have a big cash pile.
Extending the crude analysis a year ago Ceres has a prospective T/O of £32m. Let's ignore that their MCap then was well over £2Bn and use today's rounded figure of £1.5Bn. That gives a prospective MCap/TO ratio of 47. Apply that to the AFC estimated 2022 TO of £11m gives an estimated 2022 MCap of £517m. Which is a share price of 70p, so you can argue that that is where we should be now.
Before |I'm shot down in flames, I know this is very simplistic.