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Looking at the 12 market month run rate with no more lockdowns, CBOX is looking at circa £8m pre tax profit, giving it a p/e of 7ish. For a company growing this fast and with a clean balance sheet, by all accounts this is in absolute bargain basement territory. Taken a 50% position today. This should be an easy 100 percent gain from here by end of year. Good long term hold too if growth can be maintained.

“For the four months ended 30 September, being the period in which the full store estate was open again, revenues were up 50.5% at £11.2m, while gross profit rose 48% to £5.5m and pre-tax profit was ahead 56.7% at £2.6m.”

We’ll see. 6.40 would be 100%. It will come in the next month or so off the back of this turnaround.

Should see a 100% rise off the back of todays news…

Very strong results. £5 soon enough here

I make it the company has about £10m cash. Was c £14m in April… still, lots of run way

No i'm just telling the truth. Here are my POLX trades:

Date Type Reference Unit cost
(pence) Quantity Cost
(£)
06/10/2021 Sold S094393623 40.50 3,301 -1,330.96
06/10/2021 Bought B094090723 90.00 1,326 1,199.35
29/09/2021 Sold S087700113 108.22 930 -1,000.51
23/09/2021 Sold S084919683 102.00 477 -480.59
06/09/2021 Bought B068517293 87.92 1,130 999.45
13/08/2021 Bought B052883133 88.39 2,252 1,999.47

Also, this will be another year wait. A few months to resubmit, X mas break, then 6 months at least for FDA approval.

If the brokers placed a 90% chance of success on this, failure at this stage does not bode well for future applications i'm afraid. The company would have known the FDA requirements extremely well.

On the contrary, the fundamentals now look on a knife edge. The whole business is in doubt. GLA - SOLD at a monstrous loss

SHowing is circ 320 million shares???! Anyone able to shed any light?

Wowser - absolute shocker. I can't even see the attraction at 25 pence. 50% new shares - huge dilution and at a monster discount.

Probably see low 20s tomorrow. A hell of a long way back up the ladder now.

New management required IMO.

I’m sorry but that is just ridiculous! On tiny volume too. Watch this bounce back up this month. The valuation of the company on an EV basis is frankly unbelievable…

What is ST saying? Has been negative on PTRO?

Yep very very solid. Onwards and upwards. Steady climb to £0.80-£1 ones the next year

How under the radar is this company! Love to see it

Big rerate time IMO. By my maths, could be a 100% rerate.

I’m with HL and still haven’t had my shares… anyone else?

Anyone had theirs? Thought it was meant to be today.

Erm - have you seen that Cineworld are being sued tomorrow for $2.18 BILLION??!

So my estimates are that cineworld has about $325m cash. Being generous the cash burn is around $35m a month. So the company has 10 months cash. Chuck in the £8b debt. Factor in a recovering business. Remove all possibility of profit being distributed to shareholders for the next 5 years. How can a $1b valuation be realistic?