Net debt 29M, not too bad. Looks like Blackrock or another institution dumping at any price. Unfortunately no buyers to absorb these sells so MM drop the ask
RE: Forecasts reduced 2 months after 'ahead' outlook10 Aug 2023 10:32
Trading would have to completely nosedive to only produce 3.8p for this year, with 2.5p in the bag. I wouldn't pay too much attention to broker forecasts
RE: Forecasts reduced 2 months after 'ahead' outlook10 Aug 2023 07:48
2.5p earnings were achieved in H1, so at least 5p for FY? H2 usually more weighted too. I would be hoping for at least 7p FY 24, which net of cash would put this on a forward PE of 10.
I will await the trading update this month to see how current trading is. If positive, there's potentially a lot of scope for a good rise in the share price.
Thanks silverknight. Are their operations in Eastern Europe a concern for some? TM17 are performing reasonably well, these are cheaper. Not necessarily better though!