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I don’t post on LSE anymore but just wanted to say well done to those who remained positive during the tough years. We still have a long way to go but things are looking far more positive. I am sure that Misty regrets selling their £800 or so investment at a loss some time ago but I even wish them all the best and hope they managed to get back in and join the party. Happy Easter all
In times where growth tech stocks are really struggling, you’d hope this one is a fairly ‘safe bet’ based on the balance sheet, price and divi.
Has anyone had any thoughts about rising rates and how that affects us? Is it as simple as we pass on the extra cost to the client? Banks tend to do well in times like this, so could we too?
Taken from the last results:
Cash: £2,107,000
Current assets: £30,019,000
TOTAL liabilities (short and long): £16,640,000
TOTAL assets (including above current) less total liabilities = £15,800,000 or 75p a share
The above is after a less than ideal period, in which they made profits and paid a divi but looks very cheap.
I have no idea, Pete. I just think that we are undervalued here and should have a good run towards £1, proving there are no nasty surprises. The last results stated that things picked up, and they also still made a profit and paid a dividend in a poor year. I had forgotten about the dividend until I saw it in my account, so that was a nice surprise.
I think it is getting close to being valued at just two thirds of its current assets less ALL liabilities, and NAV Per share is higher than that too. That is crazy, but I know the current assets are largely made up of loans to clients.
I am surprised this one hasn’t got more attention. It achieved a net profit during a very tough year, it had/ has just over £2m cash, its net asset value per share is about 75p, and even pays a dividend. The results also said that borrowing improved towards the end of the year.
There seems to be a push behind the stock at last. Their PFAS solution provides an excellent growth opportunity, and to have a strong balance sheet and decent board helps greatly too.
Let’s see if we can break the 70s to £1 this time.