I look at last rns..interims:
..both EBITA & EBITDA - capex are in £250k-270k range...double it for run rate return
..and compare to £3-4m of EV
...6-7* multiple...or 15% return on mark to market capital is cheap imv
yep...and cheap on cashflow metrics imv
...market conditions are not easy
...but management is experienced and aligned
..so 2.25 out of 3 on my Jolly scoring system
...all well, m8s (esp for Blue lol)?
...not that irritated...
...profit is profit..still have 2/3rds...and top slicing at this level was sensible plan.