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It serves those big greedy funds right opening shorts on this when it was in the low 70s. It also highlights two things, the arrogance they think they they can make even more money shorting a stock that's already down 90 percent from its all time high, and also that these funds can also make wrong decisions. The money is being managed by humans (at least partly) after all! It probably won't bother them too much losing a few 10's of millions on the most recent shorts here though. They probably made hundreds of millions on the way down from the peak.
They have also said that it could be suspended as early as next Thursday.
"As announced on 29 March, the Company has until 30 June 2022 to report its full year results for the period ended 31 December 2021, which is also required in order for the Board to continue progressing potential financing and strategic options. The audit process has not yet been completed but is in its final stages. In the event that the Company is unable to report its results by this date, trading in the Company's shares will be suspended."
Any people new to investing here, just be careful. Obviously any good news and it will fly, but there is also a chance trading could be suspended in as little as 3-4 working days. Don't be tricked into thinking its "easy money" and a no brainer. It's very risky.
Well done you Mr. Clever clogs. But just because you have made a few correct calls it doesn't mean every call you do ever will be correct. That's the mistake many people make. Thinking that because they've made a series of good trades/calls that they will continue to be correct every time. Until they aren't....
I don't normally comment on this board, but I've been around long enough to see plenty of people like yourself picking out random figures to suit their agenda. It works both ways remember. Oh hey I think this is the bottom and then BTC will go to $100k, and ARB will hit £5 a share in the next few months. See what I did there? ;)
This is not quite the reaction I was expecting upon the launch of the new tests I have to admit. Maybe it's because the RNS is very abrupt/not great detail. It pretty much says "we're releasing the new tests and they will be for sale on our website". I have to admit I'm disappointed, not just in the share price reaction but the information in the RNS that we have waited a very long time for. I feel like we should have been given more on how they plan to market them, and perhaps some longer term goals and objectives in relation to what they are expecting from these new products.
I’ve been looking back over the share price history and past financials, and from what I can see the last time the share price was steadily around the £3.50-60 mark was in 2018. Comparing the earnings to then, revenue was £2,976m compared to most recent £4,673m. Profit before tax was £229.3m compared to £525m. And earnings per share was 18.6p compared to most recently 42.1p. So there has been huge growth and massive increases in earnings since 2018, and yet as things stand the business is currently valued at around the same. Am I missing something?
Obviously people were disappointed in the 2.7% decrease in revenue compared to FY21, but that was a bumper year due to the pandemic.
I know there are other factors involved as well, including current macro economics/inflation and general downturn in the markets, but when in comparison to 2018 earnings/share price, surely it doesn't warrant a nearly 45% decline in the share price over the last 6 months? And judging by that comparison wasn’t the £6 mark actually a fairer valuation?
And with the inflation struggles in mind, even the CEO states: “The B&M model is highly relevant for the current difficult economic environment, with its strong position in the value and convenience areas of retailing where physical stores are winning. The business is well placed for continued profitable, long-term growth. In a retail sector beset by structural challenges B&M's unique, disruptive model stands out as a success story." So they expect the cost of living crisis to potentially help BME, as people will start shopping for cheaper alternatives, which makes complete sense.
I’d love to be enlightened if anyone can justify sincerely why the price is where it’s at, or hear what other peoples opinions on valuations and where they see it going in the current environment. For me this current valuation just doesn’t quite add up.