Interesting15 Jan 2022 21:37
Perhaps a lot of people are not keen to buy into a stock at highs not seen since 2007 and a current price which has quadrupled in a few years but if you look deeper it could be more of a bargain now than it was a few years ago.
That is because potential profits will jump exponentially in 2022.
QM systems made £350k in the last quarter of recent calendar year. Sounds from their updates this will be maintained and with new premises with 80% more space and 70% more staff needed growth is off the scale. Sounds like they could make between £1.5-2.5 mil profits which is incredible because in the last decade while being the "main provider" for the company they rarely weigh in with more than 200k.
Thompson Engineering could see even more incredible growth from nowhere too while not as profitable as it's from a smaller scale but they had turned things around H2 and new premises is 3 times the size so if that can utilize all of that they might be weighing in with 500k-£1 mil profits.
Aiden and Utsi will weigh in with small profits but still useful.
And if the Ventive green energy deal takes off with QM systems then who knows where this might take Pipehawk.
Remember this is a £7 mil stock, look around at all the loss making penny stocks out there with no future, no promise no growth and some of them are worth £10-20-30 mil. The market is asleep to the potential.