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My concern was the balance sheet is barely solvent if the goodwill figure is removed (and thats not taking into account the other intangibles). You make a good point about cash in regard to its operating activities but its cashflow has actually decreased in 2019 by £69.7m (in 2018 it was an increase of £5.5m). Although a chunk of that for 2019 is down to dividends (and we wont complain about those).
Share price looks attractive from a growth and dividend standpoint. However, looking at the balance sheet that goodwill figure sticks out like a sore thumb (and its bigger than the market cap/value of the company). Also the impairment in 2019 is a bit worrying as is the long term deteriorating sp.
But sentiment for a business like this will probably rule. Lucky the cruise/travel business is quite small. On the fence on this one but will keep it on the watchlist.
Warwick - can you help me to understand why you are posting. This was a long message and of you're not invested why do you care? Feels like you're wasting you're evening / time?
Think I'll stick to coming on here in the evenings. Seems a bit more like there's sensible people. The day is a grind listening to crazy people who aren't even invested here. Going to be boom or bust...all good fun.
Agree with Saint - comes down to orders and subsequent revenue. The sentiment has gone for now for these stocks but orders and sales are substance. A CE mark is progress but not money in the bank.
When in averaged down at 1.42 I thought it had bottomed, now seems silly.
Not convinced in the next year. Think there'll be a recession and this FTSE rally will prove to be just that.
Aware Nolupus raised a question/point regarding the timing of the copd and covid results. Would we assume if copd comes first there is the expectation covid will be positive? If copd was negative we would assume covid must be positive (albeit it is a blind trial) or the company is going to struggle?