The latest Investing Matters Podcast with Jean Roche, Co-Manager of Schroder UK Mid Cap Investment Trust has just been released. Listen here.
Depends on results and future forecasts due out in the next couple of weeks. If they are good I'm optimistic that they will go higher than 25 pushing up to double their current price.
Proposed investment Approximate amount Commercial and geographic expansion �7 million Product and technological development �7.5 million Operational and platform improvements �� �6.5 million US licensing and satisfy on-going segregated capital requirements� �3 million
Read this on another site don't know where the figures have originated.They are on target to grow to 40 million revenue year ending 2018, then 54 million year ending 2019. FY 18 - 40.12m EBITDA (-6.85) FY 19 - 54.81m EBITDA (-2.32) FY 20 - 71.47m EBITDA (2.82) FY 21 - 95.23 EBITDA (11.72) FY 22 - 128.07 EBITDA (25.54) FY 23 - 167.64 EBITDA (42.60) They hit there previous targets and they are on target to hit 40 million this year end. 2020,
The resolution is to agree to the placing.
Large numbers of small trades today which show up mainly as sells however the trend still seems upwards. 29.75 earlier but has fallen back to 27.75. Anybody know whats going on?
I am confident that once this company is finally in profit which should be this year the share price will take off. The growth figures are amazing despite the revenue per transaction dropping year on year. I'm hoping for 50p soon and £2 within a couple of years. I bought mine at 33p so still waiting to break even.
Hope you are right Hollyhunter what is significant about those numbers?
Update 3 weeks earlier than last year so hopefully good news.
I'm no expert at reading balance sheets but it looks to me that in it's present form the company needs revenues of £30m a year to break even. The half year up to December 16 brought in £14.3m. If revenues continue to increase as predicted we should be well in profit by the end of this year.
Results are very encouraging with revenues increasing as expected and expences down. Disapointed that cask flow positive will not be achieved in Q4 but we can't be far off with revenues set to continue to rise.
Thanks for clearing that up. Hope that Hank's commitment to being cash postive by Q4 comes to fruition.
Sorry just under 500k they have sold just enough to bring them from 5% to 4.99% don't know what that's all about.
Looks like it might have been just less than 300k shares sold not 3m.
Looking forward to the interim results tomorrow and hope that the forecast of being cash flow positive in Q4 of 17 is still on the cards. I have invested in this company now for a number of years and seen a few ups and downs. I believe once the company starts to be profitable the share price will take off and we may see 50p in the near future.