Interesting post on ADVFN6 Sep 2023 22:19
This comes from the LST thread on ADVFN; worth reading me thinks....
"Today’s announcement is a very significant development in my view, which is not only earnings enhancing but also cash enhancing. It looks to me like a few details have been missed by the market which are worth restating here.
The deal is cash enhancing:
The initial cash outlay is GBP75,000, with Tomtech's balance sheet included cash c.GBP284,000.
The deal is immediately earnings enhancing in the current reporting period:
Tomtech reported profits before tax of c.GBP79,000 on sales of c.GBP680,000 of which GBP49,000 was recurring revenue.
Loyal CEA customer base across the UK and Ireland built up over 35 years
I also noted during trading today that the MM’s ran short of stock. Indeed, there were periods of strong buying followed by a bid lockdown on most online channels often lasting over 30mins. The market just kept running out of stock. One of those rare occasions when supply of stock was extreme enough to suppress progress. It will be interesting to see what happens tomorrow.
DYOR