RE: A time to pile in!5 Jul 2024 08:28
Given the state of the AIM market currently I cannot think of a more enticing investment proposition than CNSL, especially from current levels, there cannot be many AIM juniors with £5m in the bank but only valued at £8.75m, the last trading update beat market expectations with a £6m gross profit.
I am very disappointed by the antics of the house broker who, like many, seem lazy and fail to promote the company, their historic commentary offered a target price of 12p, they then suggested the Health & Nutrition business was worth £25m/£30m (10p/12p), however they have not issued a new target price leaving this matter 'under review' for months on end, despite the company beating market expectations in the recent update.
My view is the shares will gain strength ahead of the upcoming results, it seems likely the forward statement will be bullish, this is important.
The current share price is a pure anomaly which will be corrected upwards as time goes by and markets liven up after the summer break, the time to buy is most definitely now IMO.