Member Info for LSInvestor

The big secret (not) is the deal is already signed — the real question is whether you sell into the spike at 11-12p after a few weeks, once the excitement fades, or hold if this marks a genuine recovery and re-rating story.

On the numbers: FY25 EBITDA is currently depressed at ~£1–3m on ~£46.7m revenue, versus ~£16–18m historically on £62.7m — so the market is pricing uncertainty, not capability. A £15–20m Iliad deal (c. £5–7m annual revenue) helps rebuild utilisation and could drive EBITDA back toward £10–15m+.

At that point, even an 8–10x multiple implies ~£80–150m, but if confidence returns and margins normalise, a re-rating to £150–240m+ is plausible. The decision isn’t about the spike — it’s whether this proved earnings recovery is real. I don’t think we’ll see £200m. I firmly believe it will get bought out/ or taken private due to the strength of the company and the weakness of the market.

Aren’t most leaky? Whom ever is in the office handling RNS’ has a cushty number that for sure!

I don’t really understand the disparity between reported but/sells and the SP. This has gone up over 15% and I’d guess there hasn’t been anything like £5-£6m or so worth of buys 🤷🏽‍♂️

Until he is.

Easy. Word starting to get around that contract is agreed? Fundamentals ✅ technicals ✅ under valued ✅ this is why I’ve used half my years ISA allowance on this. No brainer for me. 14p within 6 months is my bet. So grateful of my biotech mates advice.

No one ‘mo’aning today! Yet….

It be announced prior to the presentation.

Good movement

Lol! I agree the whole place is super skittish! This thread is uber chilled by comparison to some I see! Anyway I welcome a low share price as I’ll be buying more on the 6th so keep up the good deramping work! ;))))

Told by who? And do we need to watch out for the original poster?

4’s coming forget the 5’s

Yes pls!

Not stupid! And 40% mark up will do you well! The question is is this more or less interesting to a someone looking to take over, MBO or be a cornerstone investor with the Iliad deal signed and sealed?

I’ve just added 60k of shares and will buy 4x as much in my ISA very soon.

As long as management is building a company worth owning, I do not need constant hand-holding from the CEO. What matters to me is whether the business is real, differentiated and commercially viable.

My mentality is long term, but I expect the value here to be crystallised through a takeover rather than by waiting for the market to suddenly become enthusiastic. That is why I am very comfortable adding while the share price remains weak. If the business is sound and the market is mispricing it, a low share price is something to welcome, not fear and my guess is that many PI’s don’t trust their own homework. I’m lucky enough to have

taken advice from someone with deep sector expertise and I am comfortable that the market is undervaluing the business.

I fully expect the Iliad deal to materialise and will be extremely surprised and disappointed if it doesn’t. Only then will I start doubting Mo. The time take to cross the T’s isn’t unusual.

At least someone has their head screwed on. I want this to go down to buy more and I’m in deep!. Like the management I keep buying the lows cus I understand the business and know that demand will be there sooner or later. The Chinese were sniffing around a few months ago and they know a good deal when they see one.

Hope it keeps going down so I can buy more.

They were glad to see the back of him is what I was told.

Ahh that will be octopus 😆

I’m considering selling 30% on the massive spike you buy into. For the moment I’m holding till. ;)