RE: This is worth a watch21 Jul 2022 07:46
I thought I'd copy and paste this from the other BB. Not sure if the OP is on this board too, but I thought it intersting nevertheless:
Remember that 1p is about £70M cap, there is minimal debt in context. I think the company only needs to make £4-5M profit to hit that market cap fairly easily, if Mr Market perceives that revenues are growing strongly, and net profit margins also. The company seems certain to break even in the current FY. Mr Market usually looks forward 12 months, and assuming that the interims confirm the trajectory and that 2023 will be profitable, I see no reason at all why we wouldn't make a run towards 1p by Xmas. I would add also that the share price will be boosted by the rapidly strengthening dollar!
Hit 1p by Xmas and, if the 2023 results continue to strengthen, and also considering the strong IP held, then yes, why not a bid from a bigger fish at say 2p+ in 12-18 months' time?
All IMO of course'