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Morning. Well if you bought 50% lower than todays price I’d say that’s a ‘nice problem to have’! The NAV and low debt, especially when compared against the Market Cap is very good. I was expecting more price movement than this to be honest.
Thanks for that. Is it that they can sell their options at any time when the price is over 352p?
I sold half of my holding here on results day but held on to my LAS shares. I’ve since bought half the BISI shares back in the last two days. I’m tempted to buy more.
On the basis of fundamentals, these are a bargain. A PER of 2.6, a well covered divi of 4.8% and plenty of cash but as some investors state, they have a poor track record of returning cash to its share holders. It feels as though sentiment won’t change until they announce boosted divis / returns of surplus cash to private investors.
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.