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So the results have come and gone, next one being 2023, unless they surprise. Despite this company being on a per of just 2.8, 4.8% divi, price to sales ratio of 0.5 and hopefully a bigger profit to come, these seem to have found a level.
This is now (after the latest results) is now trading on a historic per of 3.5, which is cheap considering how BISI has transformed its financial position. The icing on the cake will be if these guys can announce a divi payment at the next update.
Yes, I had some of these when they were SOCO and sold out for a small loss after a run of poor results. They were a £1 or so then so I’m glad that I did but now, with the price down here, things look a little different. Western countries like the U.K. have gone out of their way to afford investments in fossil fuels, despite still using it and this makes things look interesting.