Member Info for petrencf

Article dated 5/3/26

There are 103m shares in circulation since 2022.

Why do you think so?

1 Company-compiled consensus for FY 2026, inclusive of the SheerLuxe acquisition currently consists of 3 analysts:

Revenue: £745m, Adjusted EBITDA £224m, Adjusted EPS of 132p

They have been here before, not new entity. Shorts are around 9% now (somebody shared it in another chat group) , if trading would be in line, then rerate could come soon.

Why?

Gocompare should be valued at least at 8x10 EBITDA imo. And after that you still have the rest of the business with 140m EBITDA.

It has been scheduled for next week. (13th)

So they cut back to 0.3 first then two days later increased again at lower SP. Make it make sense!

Modest grotwh, improving margins, clarification about AI threat. Short squeeze, anyone?

Sau, sorry i got the number from marketscreener. It must be statuatory. Otherwise they forecast 3-4 percent drop in EBIT. (100 to 96)

So that nonsense suggests 150m MCAP on 90+m EBIDTA. It wont happen unless the Global365 claim is successful or the footsie crashes 40-50 percent.

The might cover their long ones. Otherwise i have no idea. Next year eps should be around 100p, with net cash position and a hopefullya recovering client base.

And next year's one is revised down to 60m. Not tempting tbh.

What do we celebrate here?

No asset sale (yesterday news), but does it justify this drop today? Sp acts like they would lose the court case. Clarification would be appreciated.

Mist, they talk about adjusted pbt. It went from 106.7m to 60m.

More like 80m, right?

"...after the announcement of 7 October 2025, approximately £7m of overseas freight costs not correctly recognised in cost of goods sold, following an operating system update earlier this year. The underlying system issue has since been resolved but its financial impact is material to our outlook for FY26.

Therefore, we have reduced our outlook for FY26 based on revised second-quarter margin run rates. Group Adjusted EBITDA (pre-IFRS 16) is now expected to be in the range of £470m - £520m for FY26, compared to the previous estimate of £510m - £560m." I still dont understand this explanation and the extent of the downgrade. Could somebody shed some light on it?

Tom, Marshall Wace joined to the party with 0.5%.