Member Info for mrchocolate

The share price collapsed in November 2010 to 7p, it then steadily rose to 104.5p by February 2020. That's an almost linear 145% ROI every year during the period, a simply staggering return. You will will also note from previous year end reports that the business ran through this period without a CEO. David chaired a board made up of the individual agency CEO's.

The markets and market makers are fickle, Mark Lund OBE's appointment can only signal a return to a sensible value. Ultimately this is a collection of very good agencies with just a couple alone having more value under a break up than the current market value for the group. Great businesses, great clients and great staff, what's not to like once the debt comes down.

I am a buy

Action taken, confidence restored.

This is a great move for the business and should see the agency recover back to where it should be.

This is a 50-60p share all day long.

The share price looks ridiculously cheap. It was devastated by the market makers based on October 23's trading update that now looks to have been overly pessimistic. Remember when the share price dropped to 7p and recovered to £1.

As the most recent trading statement makes clear, there is lots of upside including: major overhead cuts with probably more to come, a business making significant losses is now cut free, great new business wins, as well as reducing debt interest as rates come down, an improving general outlook and I suspect far more focus on generating profit after this blip.

I suspect this business could easily make an EBITDA of £12-£15m. It's a 50p share today.

DBay Director A Paiusco is also a Director of Unlimited Marketing Finco Ltd, which is the holding company for Unlimited Marketing Group Ltd and also the company with significant control of Digital Unlimited Group Ltd, previously called Creston Plc.

Has anyone checked DBay advisor A Paiusco on Companies House?