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I’d guessed around 27th April but could be earlier. I’ve just sold some different shares so I could top up the ITX shares I bought this morning as I have a strong feeling the trading update will lead to another jump in share price

Always a good sign when Brokers initiate!

Thank you for the warm welcome. Much appreciated and congratulations to all those invested here early. It’s always great to see your investment research and gut instincts pay off handsomely. ITX seems to be in a sweet spot as environmental concerns are now translating into solid business and legislation will strengthen in support of this.

@Peter thanks for the tip on ITX - incredible growth. Reckon they will be a buy out target.

Newly invested today in at 9. Market cap still only 10 x revenue which is still small considering the exponential growth this company is seeing which will continue to drive the SP up. I would not be surprised to see the company snapped up in an acquisition later this year.

LIBERUM RAISES BAB**** INTERNATIONAL PRICE TARGET TO 375 (350) PENCE - 'BUY'
Very consistent price targets!

I agree. Blyvoor has to proceed and why I’m holding!

Ironically it’s LC’s record of failure that makes me think he has to pull off the Blyvoor financing deal. If he doesn’t then his credibility will be zero and who would buy shares in a placing?? He will have nowhere left to turn and he will need funds for Haneti drilling. Sometimes adversity is what you need to face in order to become successful!

Agree with the 50:50 odds. I’m that much down that I may as well hold. If Blyvoor financing deal comes off we will all be well up I imagine.

No chance of seeing 300 today! This stock has just been completely de-risked and will continue to rise. Will be pushing 350 soon

Markets love a clear out of bad news providing it’s backed up with a serious turnaround plan which this clearly has. Highly possible to end up as one of the best turn around stocks of 2021. Buy Buy Buy. GLA and DYOR

and in the next update the US upswing will improve the figures further!

Massive impairment charge but at least no equity raise. Wonder which way the market will go this morning?

@skier I feel pretty confident we will get to £1.30 this year but beyond that I don’t know simply because this is the U.K. If we were in the US then some of your more optimistic suggestions would come into play I’m sure. Anyway I hope you are right.

Strong close in US at equivalent of £2.85.
Think we’ll be hitting Berenberg’s target soon!

I predict there’s going to be some good news on Blyvoor to boost the share price but then I do expect another placing. It was listening to LC’s recent interview (link on Twitter) when he harped on about how expensive the diamond drilling would be that made me think he’ll be after more funds.

Based on the Lookers latest forecast for 2021 of £22.6m (which is conservative and likely to improve) and the current market cap of £280m that gives a ratio of just over 12.
We don’t yet have the inchape or pendragon Q1 updates but looking at their 2020 performances:
Inchape loss of £128m but £257 of exceptional costs so being generous and saying they would have otherwise made a profit of £129m their market cap is £3,073m so a ratio of 24.
Pendragon market cap of £285m and 2020 profit of £8.2m so ratio of 35.
So Lookers still appears to be very good value compared to its peers and I wouldn’t be at all surprised to see the SP correct itself much further over the coming 6 months.

BERENBERG RAISES LOOKERS PRICE TARGET TO 90 (45) PENCE - 'BUY'

Finally starting to get noticed by the brokers

If Martin Sorrell and SFOR still have money for acquisitions they should take a good look at IZEA. Their new SHAKE market influencer platform is bloomin brilliant and I believe it’s gonna be massive. I say buy them while they’re still cheap!