RE: Results next week - and very bullish trading commentary.....18 Sep 2025 07:57
The last update from Cavendish [which should be read as 'Market Expectations] on 26 June was: "The strength of the trading in FY25E and the positive outlook for Group leads us to upgrade our FY26E revenue forecast by 4% to £38.5m, and upgrade our PBT forecast by 5% to £8.4m".
With the additional funding facilities announced on 1 August I would be disappointed if they did not materially improve on 2024/25 figures... But 'Boring Ed' is not known for overexciting which is fine by me; better to underpromise and overdeliver than hype the share for Spivs.