Member Info for chris_g

If they are the 2 that are shown on the IC website it looks like their forecasts were very much based upon business as usual. We could do with an RNS to provide a better view on performance. Clearly, significantly increased current and near term activity levels are unlikely to persist once the current crisis eases but I suspect there will have been a re-basing of activity levels upwards due to changed long term work patterns. This should see long term forecasts, and therefore target prices, increase. I wouldn't value LOOP more than £1.25 if it was just growing a few % over last year with some profit recovery post the integration issues.

I think the level of client and activity increase is key to where the price goes from here. No doubt there has been a significant increase in new activity but at the same time the legal M&A advise will have dropped off, as there are virtually no deals being done. I would still expect a significant volume increase overall and await an RNS to give some clarity, maybe off April's numbers once finalised? Assuming volumes have doubled (a big wild assed guess, I know) then operating profit of c£10m should be achievable. For me this would suggest a price in the £2.25 - £2.75 range, giving an EV of c£140m. Zoom's valuation was always bonkers.