RE: The real reason...12 Jun 2022 08:51
The very dim McBoxer:-
MCap's
AFC £181m
CWR £1119m = 6.18x
ITM £1418m = 7.83x
Now compare the multiplier to this time last year - you absolute ramping fool.
I’ll spell it out in terms of share price.
AFC down 60%
Ceres down 43%
ITM down 39%
A lot here bought into AFC, including me, because they thought AFC market cap position in the sector would narrow to its peers. It’s gone very much the other way. That’s why there is frustration on this board and it doesn’t help that our CEO is paid more than his sector peers!
Notwithstanding the above it could be argued that the divergence over the last year is a great opportunity to invest further into AFC. For new investors that certainly stands true, at these levels. Personally though I’m now maxed out and at this moment pretty wounded by AFC.