The slow pace of growth5 Apr 2021 11:16
I had been in these for quite a while, but simply decided that I invested to make money and whilst I believe it will be almost impossible to lose your stake with these, the chance of making good profits appear to be no more than a dream.
Good Business
Good Figures
Good sales Growth
Alas, you will die of boredom though.
If you look back in history, they once had a 13p EPS. yep, 13P EPS, now look at us, real net profit = 0.11p and 0.16 when adding back in the tax of £200k
Having issued another 250m shares, we are standing at 707m plus.
If we even manage to increase our profitability next year to £750k (we wont have the £250k tax rebate again next year), we will still only have an EPS of 0.10p
I have come to the conclusion that this solid little business is a lifestyle business and needs to be taken over.
All just my view of course.