Interims tomorrow?20 Dec 2020 23:22
I am expecting to see the 6 monthly interims up to 30 Sept 2020 published tomorrow. It will be interesting to discover how many different product lines we are now selling in the States and the U.K. compared to last year, how many stores have now been rolled out in the US, what progress has been made since the announcement of the Distribution deal to Europe and any results on seeds. Personally, I don’t think they will announce a forecast of future projected sales which I expect will disappoint many here. The reason for this is the same as they gave in the last presentation and that is not to give any unnecessary information to their competitors. Analysts need a future sales forecast to determine revenues and gross profit to help them to value the company but I don’t think our CEO’s want this focus - just yet. It is only my opinion but I believe the company is progressing rapidly, sales are buoyant and there is so much more to come. As a long term holder last weeks SP has only a passing interest as I have no intention of selling yet. I believe the SP in 6 months and 12 months time will be much higher than at present and I am patient enough to let the story unfold. Exciting times ahead with another instalment due tomorrow. Once the true potential of the company is widely known, backed up by sales figures and revenues it will attract attention from potential bidders. My belief is a bid, in due course, is inevitable but it is too early in the companies growth story to be welcomed by our CEO’s - just yet.
All IMO only, goid luck to all holders!