It is worth noting that the directors knew about the impact of the bad weather and still bought shares at the end of Feb. Brine flow should return to normal this year, and being able to pick up new customers because they hold stock is excellent foresight IMO. Well done BoD.
Sales have been a worry with the pandemic. That confirmation of a record sale's level in Q1, and a rising price is reassuring news. With projected market shortages this year I am expecting further upward pressure on the price (and on our profits!)
Yep, I would say anything below 20p is cheap. That is roughly a forward PE of around 12 for this years forecast. This should be on around a PE of 20 given growth prospects and revenue record over the past 4 years.
Sheer madness. It's a good job we've got rid of his loan and he has no leverage IMO. He has pressurised the BoD into poor decisions in my opinion. We are far better betting this grow now we've got back onto a sound footing. My opinion.
Bought a few more. By reinvesting the quarterly dividends you will double your holding in 6 years, or be achieving a 16% yield against your current holding. Assumes shareprice and dividends remain static, which I know they wont! Dividends will more likely continue increasing, albeit slowly, probably meaning a double in around 5 years and not 6.