what to expect?22 Jul 2015 15:40
With strong trading reported and with hopefully a return of MBG to previous standards I do not think it unreasonable to look for a HY revenue of £6.5million. This obviously could give us year revs of around £13million. Add to this £400,000 of admin savings and cancellation of £3million of loan notes.
With no tax bill payable (due to 2014 loss) we could have profit after tax of around £1.5million for 2015. This is a forward PE of 2.3!!
If we even have a reasonable PE of 10 on those profits we could see a market cap of £15million or ~6p!!
Thats a 430% upside.
Even if figures are not that good this is still well undervalued going forward.
As always DYOR
GK