RE: JE. Not Too Good To be True........29 Jul 2016 16:51
I've said yesterday's numbers,unaudited , look OK for mcap £7-900m not for £3.5-5bl as suggested by "friendly brokers". £50-70m profit, before tax, amortisation, good will, one off....if real not bad, but not for this kind of mcap. Profit 1/3 of revenue? Sounds to much as Globo, qpp....yet we have barc trading at 1/2 of nav. Such are market forces -sentiment - pools, that we have to take it as reality for as long as those persist. Asos, okado,foxt and few others demanded similar valuations, eventually movers and shakers cashed in on gelable. This digital ricketier will follow eventually, in the mean time hedging, daily if necessary, could smooth the ride.