RE: RE: Re SP18 Feb 2016 14:17
The old dilemma of letting winners run....I don't have a reason to trim the position just yet and as has already been mentioned, assets > liabilities is £250 MCap so still some way from the £140m we are at. For value with a forward PE of 6.7 (industry average of 15.5), operating margins around 10%, revenues increasing yoy or around 20% and net profit around 10% all the good triggers are there. Yes they have stated a 6% decease on EBITDA in he recent trading statement but that certainly does not warrant where the SP is now IMO