RE: Cash is the king18 Jan 2023 21:58
Iits an over reaction. Oct was too.bullish for sure when they didn't need to be but just stand back and consider...
1. 1/10 of value vs peers
2. Excellent cash positioning getting better
3. FCF +ve proven
4. Margins will now be far better with whey and 20% staff redundancy due to automation
5. Its actually growing and winning great deals eg Iceland
6. Whale about to be abmnnounced
7. Improving macro
8. Possible MBO
This business uis actually performing well and will have a great 2023 so take advantage of the short term price action. Its out of synch with fundamentals
It's rock bottom still but where else is there a stock at rock bottom with some game changers banked and others highly likely and v soon