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Sitting here this morning £132m market cap, CABP is now valued at 1x revenue.
From the latest RNS, £109.4m 2022 revenue plus "at least 20% ahead of the prior year".
https://www.ticker.app/lse/CABP/rns/2023-10-24/Update-on-Q3-Trading-and-Outlook/0877R
The company also stated "its ongoing confidence in the medium-term potential of the business" and that it "remains highly profitable and continues to generate significant free cash flow".
On the other side, the single director buy has been disappointing. The whole board should have jumped in.
Despite CAB's lack of effort on the investor relations front, I'm buying all the way down.
No idea about the veracity of AJAYE's post, but you could say TGR did inform the market. The most recent update RNS mentions working capital limitations four times.
https://www.ticker.app/lse/TGR/rns/2023-10-19/Operation-and-Trading-Update/6534Q
The info about them ringing major shareholders to say they are on target for the revised figures has solidified this for me. That was my only concern, not meeting even the revised figures. I've added more off the back of that.
20% growth I think, the 17% figure was the reduction.
https://www.ticker.app/lse/CABP/rns/2023-10-24/Update-on-Q3-Trading-and-Outlook/0877R