George Frangeskides, Chairman at ALBA, explains why the Pilbara Lithium option ‘was too good to miss’. Watch the video here.
Well whatever's been happening looked to have finished later in the afternoon, maybe the article helped or folks finally realised that this should be in the £s and still be good value, let alone down here...
Expecting a strong recovery this week
All IMO
70m revenue in H2= 14m PBIT
60m H2 = 12m PBIT
as revenue to date is at least 20% higher than last year (109m) so 130m leaving 60m as the difference
Don’t worry about book value for a new IPO, fintech metrics are usually RR/profit/ebitda multiples
Dirty dirty cheap
All IMO
So it was trading at a multiple of 16-17 assuming profits were 30m mark at half year
They will now be around 26m a multiple of just 6 currently and this is fintech….
You would think at least around 13 or so would be conservative to account for the downgrade 26m x 13 =338/254m shares = £1.33….. not too far off MM opening
All IMO
Won't hesistate at inn saying that a 17% revenue miss although still increasing is worth nearer £2
See broker targets....
If they fix the issues it's an opporunity of a lifetime - look at the dividend history pre IPO, the yield is crazy down here....
All IMO DYOR
The 2 big prints were sells, so the II's placed an order for the MM's to fill at 55p, they won't allow it to go below it whilst they finish churning it back to the market - you can tell by the way it bounces off 55 each time
They thought £1.30 was a sufficient opening and I tend to agree
It's an absolute gift at these levels for a cash generative business and should see back over £1 in the next few sessions IMO
All IMO DYOR
As per independent report we have 962m barrels of proven oil at a mid case, there will be another 500m-1bn to come in the next report, they are targeting 5-10$ per barrel
Even at just 1$ per barrel it gives us an 80p SP
We also had a positive drill result a few days ago and oil prices at near highs again, we should really be at the £1-£2.50 range pending financing, it will come with patience
There is a reason the gaffer took 1m at 17p and likewise the bondholder payment was paid in cash rather than shares.
Just re-watch the interview and you will see why we are all so confident.
All IMO
The truth is if it was a successful blog then you wouldn’t need to promote it on an LSE BB
Just buy some shares here Jim you’ll make more money in a few months than 10 years off your blog
All IMO
They pocketed a big wad from £1s to 10p, closed out and re shorted at 20s… it’s just playing with profit and a share they are familiar with - see their short history they have also been wrong in the same share too
Probably a wise bet to close out though
iMO