Charles Jillings, CEO of Utilico, energized by strong economic momentum across Latin America. Watch the video here.
Journeo PLC released their final result for the year end 2022. The revenue increased substantially from 2021: £15.6m to 2022: £21.1m which is a solid 35%. The underlying profit before tax doubled to £1.2m (2021: £0.6m). The cash and cash equivalents at 31 December 2022 £0.5m (2021: £1.1m) & Diluted earnings per share was 9.80 pence (2021: 4.46 pence). The company is growing and gained profits. Took company over a year but has just broken last year’s all time high share price. Definitely a company to invest in but would be wise to wait for a pullback. BUY...
...from WealthOracle
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Research report & audio summary: ***************************detailed-result-full/PBEE/682
PensionBee Group plc posted FY22 results this morning. Revenue increased by 38% to £17.7m (2021: £12.8m), adjusted EBITDA loss was £(19.5)m up from £(16.4)m reflecting continued investment in growth, statutory Loss before Tax was £(22.4)m. Assets under Administration increased by 17% year on year to £3.0bn (2021: £2.6bn), driven predominantly by strong net flows from new and existing customers. The Invested Customer base increased by 56% year on year to 183,000 (2021: 117,000). So the business is growing solidly but is not yet delivering a profit, nor will it anytime soon. Share price is down around 40% from the generous IPO price in Q2 2021, but valuation still looks stretched with PS ratio over 14x and comfortably bottom decile for the sector. PBEE looks like a company with a lot of potential for the long run, but is still way too expensive. Monitor for now.
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PensionBee Group plc posted FY22 results this morning. Revenue increased by 38% to £17.7m (2021: £12.8m), adjusted EBITDA loss was £(19.5)m up from £(16.4)m reflecting continued investment in growth, statutory Loss before Tax was £(22.4)m. Assets under Administration increased by 17% year on year to £3.0bn (2021: £2.6bn), driven predominantly by strong net flows from new and existing customers. The Invested Customer base increased by 56% year on year to 183,000 (2021: 117,000). So the business is growing solidly but is not yet delivering a profit, nor will it anytime soon. Share price is down around 40% from the generous IPO price in Q2 2021, but valuation still looks stretched with PS ratio over 14x and comfortably bottom decile for the sector. PBEE looks like a company with a lot of potential for the long run, but is still way too expensive. Monitor for now.
...looks pretty good...
Sanderson Design Group plc the luxury interior design and furnishings group issued a trading update for the financial year ended 31 January 2023. Strong performances from the Morris & Co. brand, licensing and North America were offset by withdrawal from the Russian market, and a small decrease in manufacturing revenue against a strong comparator, to give Group sales for the year of approximately £112.0 million (2022: £112.2m). Underlying profits for the financial year ended 31 January 2023 are expected to be in line with Board expectations. The balance sheet remains solid with net cash at approximately £15.2 million. Valuation looks pretty attractive with forward PE ratio under 10x, share price is also building up some positive momentum. The macro environment is a little unhelpful, and may hold back the top line for a while, but otherwise there is a lot to like here. BUY...from WealthOracle
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