Member Info for EdwardSeaton

It's trading on a 2021 PE of less than 3.

A half sensible price would be 200p +.

But it isn't...

Directors piling into shares.

Market cap far before NAV.

Cash pouring in.

Sub 3 P/E on 2021 forecast.

If not this, what?!

This company is going to make c. 23p per share this year, and yet it is still priced at just 69p per share.

How is this not completely insane?

I see this, and even more so Lookers, as two of the cheapest shares on the market.

Just as with Lookers, we are going to be sitting on a 2021 P/E of less than 3.

All things considered, that is truly amazing....

This is valued at just £1.8m per site.

You can't buy a half decent petrol station for that. A good one is way over £3m.

Totally crazy.

With a forward P/E of well under 3, is there a cheaper share out there?

I can't believe I am still able to buy shares at 70p this afternoon.

With a forward P/E of well under 3, is there a cheaper share out there?

If they make £90m this year, the p/e is 3, not 5.

Sadly all cleared by the time I went home...

Glove Factory.

I'll just go and have a look now.

Anecdotal of course. But companies don't tend to behave like that when there is substance behind a 30% fall in their share price.

My office is next door to AB Dynamics. There is a large champagne reception going on in their grounds today. Several hundred people. I doubt they are celebrating misery.

There really is no reason why you can't get away now. I've done Greece and France so far this summer.

I can't emphasise enogh how easy it is.

Which June?

Why?

1. I see a PE of less than 6 this years.

2. The whole lot is valued at around £1.5m per site. You can't buy a 3rd rate petrol station for that.

Whilst Lookers plc may well be run by a bunch of baboons, the fact remains that its market cap is equivalent to just £1.8m per site. That is the current value of a very second rate petrol station, which is insane.

Any thoughts as to why this is drifting?

I see it in the same category as GROW, which has very much caught the positive attention of the market.

Yes, I certainly agree with all that.

I continue to buy.