Business as usual price.11 Nov 2020 17:30
Hyve business as ususal pre covid was 100-120p. After the dilution and Rights Issue the pre covid price would be 300-360p. If the industry recovers fully, thats the price.
Anything under 200 really is a bargain here, though one must contemplate the future of the trade fairs industry. Ill give you a tip, virtual fairs have been around for decades, and If it could, it would have disrupted the industry by now. A disruption should emerge from the industry itself having in depth knowledge of the industry, not from the entreprenaurial minds of software engineers thinking about which industry to disrupt next. Exhibitions are not just b2b commerce, if so alibaba would finish exhibitions long ago.
Exhibitions are handshake, trust, parties, drunk Chinese businesspeople.
Exhibitions are traveling on company budget, meeting new people, a good excuse for the missus when travelling to Moscow.
Exhibitions are where orders are quantified in 40 - foot containers, where some steal their competitions designs, where meetings happen with people that you cant get past the secretary.
Ofcourse, DYOR and all, but trust me when I say this; when covid ends, big name exhibitions will come back stronger than ever, while small, local ones perish...