EarlOfAim Bought at 8p16 Feb 2023 07:44
He will say ANYTHING to try and get his money back, just look through his post history or his twitter account @ EquityTrader888. All he does is lose money, if you see him on a stock you own, I'd advise you sell and wait for him to leave, he is CURSED.
Now lets get to the facts on In The Style, following the worst Christmas period they've ever had and biggest losses they've taken in a year, they are in real trouble. That 3.2m cash won't even last them for the next 6 months so it's irrelevant for starters. Earl also loves to brag about their 3.2m in stock, that is not a good thing, they can't sell their stock. Go and look at the online reviews for ITS, ITS shocking, 1 to 2 stars is the norm for this company. Also look at their Twitter, they bought their followers, 150k followers yet their tweets get 5-10 likes, most of which are from Earls multiple twitter accounts LOL. Seriously go look through his post history on here and see where the share price is since he arrived. Someone should make an Inverse Earl stock tracker and make some serious money, he is that bad at picking stocks.
Sorry for anyone who got ramped in by him at 8p and are sitting at a 30% loss which will only get larger. ALWAYS look at the facts yourself, never trust anyone online who will cherry pick and misinform to try and lure you in.
There was £3.2m in cash at the end of 2022, down from £4.4m at the end of November, and an undrawn invoice discounting facility of £400,000. Stock levels are lower than at the end of 2021.
Full year revenues are expected to be £46m, which is not much more than the £44.7m generated in the year before IPO. In July 2021, Liberum forecast 2022-23 revenues of £66.6m and EBITDA of £5.6m. The EBITDA outcome is likely to be a loss of between £4.25m and £4.75m. That is a swing of around £10m compared with forecasts 18 months before.
This company will need to raise at a discount or go bankrupt, and you will be left holding the bags.
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