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Does anyone know why TEP's gone down in the last 2 days? Downgrade?
Nice volumes after a reasonable TU.
Last 5 days, TET is serving up a Christmas treat!
Currently on hols.
Wait until Simon Thompson is back for IC - he will most defo write up about TAVI
Mad HATter
PMI's up 20%. Didn't understand why ASTO hadn't risen.
Slumping 10% in 1.5 trading days. Shocking, whilst latest update was they were performing well.
No idea because a lot of stocks are like this at the mo.
Book's looking much better.
Appears trough has been reached?
At this price, II's will be likely to sweep up.
What does the company have to do to justify its valuation. Joke today.
Mad
According to house broker - Progressive Development - we could expect another TU in "late April", which infers literally this week. This should shed some light to the figures.
Recent dip in SP after the previous TU must have been attributable to certain shareholders selling.
I am genuinely pleasantly surprised how good EAH is performing in the light of the China pork prices. If they can perform at these Chinese pork prices, with H2 expecting improved prices, I am expecting a huge beat.
RoW is performing, I'd expect, above expectations. Absolute prime TO target.
Dechra already taken out. I think only a matter of time with this one.
Per Progressive Dev - 24/3/23
Positive surprises in year-end trading update Eco’s pre-close trading update confirms revenue and EBITDA are ahead of current market expectations for FY23 that had previously anticipated modest growth relative to FY22. The better-than-expected results are being driven by an unexpectedly strong final quarter for Aivlosin in China combined with continued growth in South/Southeast Asia and Latin America. We now expect FY23 sales of £84.7m and an adjusted EBITDA of £7.0m based on our interpretation of the statement.
With an EV of £66m, Eco currently trades on an EV/sales ratio of ~0.78 and EV/EBITDA of 9.4 – both well below norms for the animal health sector. • Year-end trading update: A surprise stronger final quarter (January to March) for its financial year, has led Eco to report that its FY23 revenue and EBITDA are likely to be above current consensus expectations (c £82.6m and £6.4m respectively). The statement is surprising as Chinese pork prices – which are normally a key determinant for Aivlosin demand in that market - have declined between November and February. However, we understand that demand for Aivlosin has been buoyed in recent months by use in managing porcine reproductive and respiratory syndrome (PPRS) outbreaks in China.
• Further update possible in April: As this trading statement is based on the February management accounts, we expect Eco to provide a further update to the market once it has closed the books on FY23, probably in late April. Audited results for FY23 are likely in July.
• Chinese pork market prices: Pork prices in China have been weak for most of FY23. There was some improvement in September to November, but prices seem to have fallen back over the last three months. Nonetheless, we understand at RMB15-16/kg they are currently still above levels where pork production is profitable for producers (this is a key determinant of whether producers will use Aivlosin on high value animals)
Coz he wasn't thanked?
err... it's squib btw
Market Cap £22.99m
Enterprise Value £10.36m
My biz plan written on used bog roll is still worth more than the EV.
This should have never been at these prices.
Peeps dumping at 230p must be laughing - sp has 1/4 ed now nearly.
Even from 188p, before the sp tanked on the rns - this has dropped c65%
Nice rise.
Last 2 years, TU has been around 28th April.
Peeps positioning for the TU, which is likely to be very good?
Yeah me too - they're back on track. Added at 598p too.