Any views on the catalyst, other than the research note? Filling an order perhaps? Seems inexplicable to drop 10% in a couple days with no change (unless something else is going to crawl out the woodwork FFS)
Think you need to read again. Continuing FCF of £44m pre adjusted items, which have been about £20m per annum, so basically it doesn't generate any cash.
But it's only cash generative primarily because of destocking in the past few years, which can't be sustained. Even with the reduced capex and lease costs it will barely wash it's face unless there's a big uptick in sales. But at < 5% EBITDA margin you're talking hundreds of millions of sales to make any sort of meaningful impact. Sales are declining.....
Down £25k with a 86p average and while it probably makes sense to sit tight and hope for a bounce/Kestrel bid/strategic review, I've lost trust in management to the point where I'm tempted to crystallise the loss and avoid AIM forever.
GGG - how are you coping emotionally on a £300k paper loss? I'd be in meltdown!
All time lows despite the real progress made in recent months. Either everyone is impatient or someone knows something we don't. Hope I don't get my fingers burned on this one 🤦🏻♂️
If it's the same investor event that was being broadcast on sharesoc, then that has been cancelled. May still be a TU, but they're not doing a live presentation, perhaps due to Takeover Rules?