Comparative4 Nov 2024 11:03
Did AVCT last week. SCLP, another worthy company trying to do great things BUT 1] no revenue, 2] approvals along way off and 3] even the bb know a raise is inevitable. Aug value was over £200m, now £125m probably recognising the above.
RUA EV [ that excludes cash and exception gain on acquisition] £3m and all points 1,2,&3 positive.
To top it off, RUA can now validly be valued on a forward p/e with a growth factor multiple.
Thats before the blockbuster AurTex