A TOTAL Disconnect between Market Value vs Business Value25 May 2022 13:49
What do some of you don't understand!
Whatever the headwinds and challenges like Ukraine War we face today, NOTHING justifies a near 80% drop in the last several months! That is the whole point. The baseline is so low, it's beggars belief.
Even when compared to 'peers', in comparison it should never ever have fallen below atleast 200p. MM was ringing the alarm when it dropped to 300p after capital markets day.
Now if this was trading at 400-500p today, I could accept the argument a little, but we are at 140p, 0.75x revenue, with £530m in cash!!!
We are basically at rock bottom, and the market value is completely disconnected to actual real life business, hence the Private Equity interest.