RE: Trading Update8 Sep 2021 12:29
Hi Atlantic, Had a look at Pure Gold, they have a £283m market cap so if its down by half, the market cap had got to nearly £600m. Might be why it dropped? Thats a huge market cap. Clearly it got ahead of itself. Market cap here hasn't got ahead of itself yet.
MHC = £28m market cap.
If the trading update is anything but bad, the share price will rise. It's just too low for overall value. £3m revenue in 2 months, lets say holiday period doubles that to £6m revenue in those 2 months. We would now have £9m revenue in just over a quarter of a year. Something tells me thats a lot for a £28m market cap company and the SP should rise.