RE: Company value £15M19 Mar 2025 08:54
Hi Flightman,
If you look further, you'll see a real difference between 1st half & 2nd half revenue, current year £1.8M they were hoping for £9M (only going to get £5-6M) in 2023 £3.5M 1st half £7.8M for the year, 2023 it was £2.8M out of £12.4M.
So £1.8M compared to £9M is only just over 20% of revenue in the 1st half, pretty similar in fact to what happened in 2023!
So very 2nd half orientated, which is why I guess you need to build-up inventory ahead of the 2nd half, as you wouldn't be able to cope with such a peak & trough type of business staffing wise etc.
Its tangible assets alone are probably worth around 3p a share.
LOTM