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Results are amazing !! We have increased Half Year profit by nearly 100%, sp on the other hand hasn't moved so expect a healthy rise IMO. If you double half year profit from £11m to £22m, that is 15% of our current mcap. Mindboggling. We also have net cash of £113m and our mcap is £167m. Just awesome!!
US PE houses love businesses with loyal customer base. Guess what we got one here, 137 years old business with international name. Perfect for Fortress or CDR - whoever loses the Morrisons battle!! They want to spend £6b, yes we will take it.
This is just a start of the rise, our profit level is pre-pandemic. We have Ocado partnership, more focus on online and cost control. We need to be near to 200p. If Morrisons is appealing to PE houses, imagine when someone comes calling for M&S. Should be interesting few months!!
Wrong timing MozzaBezza. Hope you sold out as this is heading to £4 IMO, which was the prepandemic value.
Now waiting for the Spirit Energy transaction news which should send us into the orbit. Hopefully $1.3 billion worth and all returned to shareholders!!
https://www.energyvoice.com/oilandgas/north-sea/338581/centrica-simplifying-spirit-energy-sales-process/