RE: 10 P share price2 Mar 2017 13:01
Never saw the broker pbt forecast. I was merely asking if (given the cost cutting and the increase in turnover, which presumably is purely a by-product of the exchange rate change) the company was able to post a profit of say £1 million, would 10p a share at a PE of approx 14.6 be reasonable.
Clearly from what you´re saying the PE will be nearer 60 ... Ouch.
Are you invested here? I´ve been in sincce before the last 2 cash raisings. As I´ve said before there is a signifcant cash raising possible if executed before the November warrants expire at (I think 15p), by an investor who paid a significant premium to the prevailing share price when he/his company invested last time.
IMO there´s a lot of people bought in on the back of the recent vidoes on Proactive Investors. I assume like me they are hoping for an announcement of a tie up, with a ´meaty´ order, from a large multinational. Guess if this doesn´t come in the next 9 months they will, likely, drift away again.