Uptrend Channel22 Dec 2021 18:33
Well, we're still in the uptrend channel. 345 is the bottom of it so got close today. Who knows, a positive RNS tomorrow and we might just be able to confirm the end of the bearish year we've had and enter 22 on a nice strong uptrend.
Difference this year is that:
1. The DHSC can't sting us like last year.
2. Last year we PI's were predicting FY revenue at 600-700m, so when £277m arrived the SP crashed. This year the market has been told £100m and that is certainly what it's expecting. No more, no less.
3. Less dependant on one major customer
4. Hat full of new covid products launched or close to launching.
5. More headcount, bigger sales team, more products to sell.
6. Lower sp base level. Last year we entered Jan at 600m. This year we have all the above but now at a measly £250m
So in summary, the downside now in terms of mcap is significantly less from 12 months ago. Despite the DHSC knock back which is now priced in I believe we head into 2022 in a much stronger position relative to our SP. All imo.