yes..all set fair...so long the PT plays fair
...I guess the low multiple reflects (reasonably & understandably) the exotic (and obscure/difficult to analyse and benchmark) risk resulting from over reliance on one customer...who is settling bills in a leisurely fashion
...but the potential reward does reflect the risk sufficiently imv...we are being adequately compensated: if we get lucky and the PT pays, we double our money in fairly short order (seasoned opinion only)...and that seems fine for a few £k flutter
so sold my 9.34p punt @ £100+ loss
...what was missing (for me to hunker down here) is a clear statement in the outlook of profit (how much) not pipeline development...also this is no longer a net net (and I have no confidence in the non current assets given steady write offs of lift assets)
...I am back in my sceptical shell
...5p anyone?
how do you survive? I only see the blow ups that you ramp...here, NEW, TPET, WHE? Do you invest...or just post?
...no hard feelings...just puzzled/nosey
how can we have confidence in these folks?...cannot even get the engineering basics right
...let alone turn a profit
...amazed opinion
...sub 1p...maybe punt...if have any confidence then