Additional Trading Update Helpful28 Oct 2020 00:45
Funny isn’t it, here is NCYT with a market cap of let’s call it now £700m following the SP crash, fantastic profit margins and cash at bank and the business is being valued at not far off the value of its order book. Meanwhile, you have like ACVT in the same sector with a market cap of £500m and it’s doing £5m of sales and making a loss.
Appreciate we are not comparing apples with apples but even so, NCYTs share price is being battered yet it should be more like 5 times this level and some in my opinion.
I can only put it down to traders manipulation, lack of the right sort of trade interest, lack of full year data so a PE not not yet established and simply that it still hasn’t yet etc been properly rated established for whatever reason.
No idea if SP is going to continue to tank tomorrow, absolutely given up trying to guess. Just need to switch the computer off and come back in January. Everything is right and sound with the business imo just need the SP to reflect that
Good luck those here still left in