George Frangeskides, Chairman at ALBA, explains why the Pilbara Lithium option ‘was too good to miss’. Watch the video here.
I can't see ITM crashing to 125p. If it did, what an opportunity. I think the lockdown won't be anywhere near the March one, probably close pubs and leisure centres for a couple of weeks whilst kids continue to go to school.
400p
There are companies with 66 million revenue and 2 million profit sitting at 6p. Dev can't go higher than 10p on a few quid revenue, but I'm hopeful that the company will grow into millions. Waiting for the trigger to reinvest when funds are available.
The increased scale of the business – the group now has almost 2.4m customers – and a focus on reducing PIA’s operating costs – synergies are now towards the top end of prior guidance – are also boosting cash profit margins (up by half to 27 per cent). A high retention rate (80 per cent) and exploiting cross-selling opportunities across an enlarged customer base – Kape enjoyed a 15 per cent take-up rate of its premium VPN product amongst new Intego antivirus users in the second quarter – are further profit drivers. These factors explain why cash profits almost trebled to US$16.4m and the directors reiterated full-year guidance (US$£35-38m on revenue of US$120-123m). Attractive cash conversion rates north of 100 per cent helped slash closing net debt by a fifth to US$25.6m and Kape is well on course to be debt free within two years.
Kape’s share price is 8 per cent shy of my last buy call (‘Profit from Kape’s chart break-out, 21 May 2020), but is still up fourfold on my entry level in my 2017 Bargain Shares portfolio. A rating of 10 times 2020 cash profit to enterprise value, a third below the rating of market leader Avast (AVST) and a 2020 forward price/earnings (PE) ratio of 15 is hardly exacting. Buy.
investorschronicle.co.uk/comment/2020/09/16/on-the-technology-beat/
Sells, by the looks of it.
It will go up tomorrow. Seen this happen often.
EPS up from 6 to 6.3 cents.