RE: something going on??19 Oct 2017 11:40
Worth revisiting last trading statement on 11/9/17 Imo. I reckon market capitalisation is just 65.7m pounds on a company with 110m turnover and profit expected to,be above forecast ( which was around 10.5m for FY2017). Even if 2018 revenue is flat or down 4.0/5.0m pushed into FY2019, company still looks cheap with only around 10m debt. I like the fact that 58% of revenue is from German discounters, so not totally reliant on UK where we know there are strong headwinds with inflation and lack of confidence at the moment. Just my view for what it's worth! Gla Rich.