Cobus Loots, CEO of Pan African Resources, on delivering sector-leading returns for shareholders. Watch the video here.
The half-year report says Love2Shop generated £17.5m revenue in H12024. According to the last Apprecaite Group' half-year report their revenue was £38.7m in H12022. Why is the big difference? Could anybody shed some light on it?
Well, these words are from their half year results. I agree this is cheap, but may be this has some impact on the SP too. And the strong dollar, high interest and inflation are not very helpful.
However, the current economic and market conditions make it difficult to assess the likelihood of further debt covenant breaches and whether the waivers necessary to avoid the immediate repayment of debt or further extension of loan terms will be forthcoming. As a result, senior management and the Directors have concluded that this represents a material uncertainty that may cast significant doubt over the Group's ability to continue as a going concern. Nevertheless, given the historical and continuing support received from lenders regarding these particular covenant breaches and based on continued improved operating performance in most markets, the Group has a reasonable expectation that it will have adequate resources to continue in operational existence throughout the Going Concern assessment period.
Thank you Jimmy, it is a useful summary. I hope they can make massive progress next year. Pulsiv has a potential to justify 2-3x of current market cap in medium term imo. But im big fan of Alusid and TVG too. Good luck.