Panic then realisation1 Sep 2017 12:30
Turnover even with over a month downtime as annual shutdown rough forward into H1 showed very impressive growth.
Cash down and profit down due to upgrades for the big boom for 2018. Totally expected.
So a balanced first half IMHO as this is the year to get the building blocks in place for 2018.
So actually very bullish when you consider the disruption to the business when turnover is 14%.
So could be FY profits of £3-4m
Market cap £12m so forward PE of 4-5 with £5m in cash and building blocks for explosive specialist chemicals growth
No brainer and a few also feel the same with nearly all buys today