RE: Just to give us hope3 Dec 2020 15:35
Hi, have been invested since the WDC days. My investment is so low now it isnt worth selling, but i am waiting for the opportunity to average down.
The contract news for JOE, like before, doesnt mean too much to ICON without knowing what the mystery profit target is.
We get £100k per month. Not to be sniffed at. But, if we only get a 25% share of profits if they are above, say, £10m (or something ridiculous like that) then it doesnt really mean much to ICON. I do not know why they have never disclosed the profit share terms. Without knowing them we cant really see the benefit of additional contracts for JOE.
Now, if ICON won a £750k contract for ICON, or GSN or one of the other brands that we own, then i would be topping up now. Clearly there is commercial interest in JOE, i just hope it translates to the p&l and bal sheet of ICON. If not, then these contract wins mean nothing to us