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200% upside from here. News was already backed in and the Company will make about £15m profit before the write-off. They can grow without new capital and so should see £16+m profit next year. Multibagger…
100% increase in SP from here over the next few months. FCF of c£1.30 per share over the past 12 months, despite ongoing investment. The EV of 4x historic cashflow is a steal. This share should be trading at £15 today and with the prospect of £25-£50+ over the next few years...
Tuck away and look at it again in 5 years. You will be astounded.
More adjustments to get to an 'Adjusted Earnings' figure than i am comfortable with.. The other item that has put me off for now, is the 200% increase in boardroom pay. There will be operational leverage in sales growth, but the risk/reward is skewed in the current macro-environment. Better opportunities elsewhere.
A month ago (when this deal was being negotiated) it would have been seen as a massive coup - secure investment from a very credible institution at a 50% premium to the share price taking away any funding issues for the forseeable future. The share price launched and management stuck with the deal anyway - it happens all the time - other institutions might not have offered terms and no-one likes to be deal with a company who will walk away from negotiations based on one week's spike in the market. Price seems to be holding up well in any case - as investors with a time horizon of more than one week recognise that there's still a lot of value here.
YU group aim to be fully hedged, but this is not always possible . The last set of accounts disclose the risks of being underhedged, and there is sensitivity to wholesale prices. While there may be a short-term impact, which may be significant after such a spike ( £1-2m) they will be huge winners from consolidation. They have sufficient cash to see them through this. It is quite possible that they’re over-hedged, in which case we might see a significant boost to the bottom line.
Run rate EBITDA expected to be >£4.8m per annum. Puts it on an EV/EBITDA of less than 7. I guess ODEY see a 50% upside...
100% upside on this boring share - fantastic growth rates and low impairment charge despite headwinds. Second half EPS will be about 2p per share... and EPS should hit 5p++ next year... will be re-rated...
40% upside - I think we should see the last of the indigestion from the placing soon. Just bought back in - will see 55p+ following the next trading update.....
Should be a 'shoe-in'. Officer's report is positive and recommends approval.
I think the market is still missing the news on this one.... Stockdale has recently upgraded H2 EPS to 1.4p - putting this on less than 10x annualised H2 earnings. They have a plan to 5x their lending over the next 4 years as they no longer have the same funding constraints. Could deliver EPS approaching 20p per share at the end of that period. In the short term, I'd be disappointed by much less than 4p in FY18. My own TP is 60p in the next 6 months and if all goes to plan �2 in 3 years.....
Agreed - surprised the SP has held up, but these shares were already trading at bargain basement levels. An 'unauthorised loan' is theft by another name. Will struggle to raise new money or rollover existing loans with a crook at the helm. Trouble is that he is the main driver of the Company. Need to find a new heavyweight CEO if the Company is to survive.
Management previously referred to 22 months of 'trial mining' before ramp up to 5kt pa. They are now looking at ramping up to this by the end of 2018. Will be throwing off cash at current RE prices.
Now....
Fag packet - so assuming c100k customers on average this calendar year @ £40/mo = £50m Revenues Avonline acquisition noted EBITDA margin 50%! The group's margin should head higher as it benefits from economies of scale..... but lets say a 33% EBITDA margin - £17m EBITDA EV/EBITDA multiple of at least 7x = £120m market cap = c £1,000 per projected customer at year end - in line with the price paid for Avonline This share should hit 20p this year after allowing for debt and dilutive warrants.....
Looking for these to move in the same way soon. Positive trading update means that we can't be far off break-even.
Weak £ is Good for translation of foreign revenues but Bank sale likely to be marked down as there is a prospect of loss of EU passport. Staying clear for the time being....