Results21 Aug 2017 12:36
Yes Bully, I agree it's been painful to watch the sp slide. I bought in originally at an even higher share price, although I have taken advantage of the lower sp to average down since. I draw comfort that the drop is not a result of the fundamentals but purely the persistent round number seller. If you watch the trades closely you can see it, but as I say, the balance seems to be shifting with some decent buys coming in as well as people see the value here. Hopefully, when the results are published week commencing 28th August we will get some publicity and more buying. Possibly even an increase in the sp!? My only real complaint with the company is that they do little to promote the company to investors. Better PR would do wonders. PIs could help by spreading the word albeit that it's a little hard to sell a share that has a long downward trend! Having said that the value case is compelling. A projected p/e of 6.8 for yr ended 31/3/17 falling to 5.4 in 2018 is pretty compelling. Furthermore, this is for a company generating decent profits, and paying a dividend. How many Aim companies can you say that about?