Member Info for petrencf

What do you think, folks? possible right issue on the cards? Selling the UK or the German business perhaps? Or what other options do they have to reduce debt?

Blatant manipulation on thin volumes!

It is on 2.6x EV/EBIDTA, 2.9x EBIT/EBIDTA right now...

I dont get this brutal price action here tbh..

Nothing sinister, I am surprised the SP is so low tbh. Outlook neutral with estimated 88-90m adj PBT and 270m MCap. Net debt 40m. Price action suggested that they would go bankrupt...

Do you think is it desperate?

It has jumped above 1.35p 5 days ago. Since that Trump rattled the markets. Fear is high, and this share is thinly traded . If we have a seller, it can depress the SP for a while imo.

I guess adjusted earnings will be 20+ pence, with a small debt the valuation looks unjustified.

Bargain basement!

What??? It is a massacare everywhere today.

Short decreased, Artemis increased. Hopefully positive signal.

Btw shorts are still here. Saba is at 0.93 as today.

They have offered 310m for M&C Saatchi 2.5 years ago. Severe punishment for a loss of client imo.

Aviva is still selling probabily. It drops on a very low volumes. Next year EBIT estimate is 85-90m and it is valued 280m right now.

Has Millenium gone already? Or the data is inaccurate?!

This one reminds me of Future'movements in certain way. Shorters increased position when the SP was on the ground (550-650p) and it did not make any sense at all. Later it went back to 900-1100 level. Shorters were burned or they just hedged their long positions?

Massive UT and a couple more late trades today.

Blatant manipulation of just lack of interest? Next year PE is less than 6 right now.

Any news?

Seller might be out?