The latest Investing Matters Podcast with Jean Roche, Co-Manager of Schroder UK Mid Cap Investment Trust has just been released. Listen here.
So, predicted in Oct 2014 to be in profit in two months from now. And to put that into perspective - at recent half year results 20th July revenue £1.8m for H1, £497k in gross profit, overheads were £3.4m in the 6 months. Therefore operating loss of £2.9m was incurred. Someway off profit.
Overvalued? They were predicted to be IN PROFIT in two months. This is from FT article October 2014 when share price was 14p ...Audioboom’s house broker, predicts that it will turn a small profit within the next three years.
"the SP has declined slowly and appears to be close to the true value of the company now". How many times have I heard this type of wishful post? I read it at 12p, 11p, 10p, 9p, 8p, 7p, 6p, 5p, 4p, 3p and 2p. you think this can't go lower? Think again.
Hold on. I thought this would be alot higher than 2.5p? Lots of posters on here have been banging on about being patient but it is still languishing around the 2.5p mark. What's happening? Where are the buyers? Where are the institutional investors piling in? I guess we will just have to be patient some more. Maybe we have to wait 10 years for this one to bounce into life? Someone get the defibrillator. Clear.