£5.1m is or should be over 57.6p per share.
The total aggregate consideration of approximately £5.1 million1 (515 million Indian rupees) represents a blended 7.1x multiple on forecast EBITDA for the 2023, 2024 and 2025 calendar years. Final consideration will be based on audited EBITDA and subject to a maximum adjustment of plus or minus ten percent. |
Not surprised to see this drift back. Will buy some if they hit 100p again.
Think they’re in for a tough and long turnaround but the recent share options heavily incentivise them. The targets are multiples of the current share of price. |
Careful, I think that the exchange rates will hammer them |
This is one where insider purchases are a good signal IMO. And insiders have been buying all year. |
Schroders increasing, Phoenix going down - still, maybe a bounce if the selling has stopped. Still worth twice the price IMHO. |
This is cheap. Anyone buying shares here or below 220p should sleep well at night. Big margin of safety. I traded out at 195p after buying from 110-130p. Deeply regret it! Wish I had held. I highly doubt this will get back down to sub 200p. My trading in it was merely to bank a win and not value-related. This is still really cheap. Annoys me seeing it perform so well but I am obviously happy for the rest of you! |
Worth what - around £4 a share based on mkt cap of £35m / 5 x EBITDA (probably a lot less going fwd). Also need to add c.£5m / 56p per share from the balance sheet IMO. |
Running ahead of returns maybe, as it will take time for these partnership deals to bear fruit surely.
Still, well done to holders on the recent spikes. |
New partnership looking good. |
Predictable RNS. Still worth double where it is IMO (bear in mind 2020 divi was 25p) |
Yes, worth more like c£35m / £4 or so IMO |
This is still a safe 2-3x from here based on today, let alone tomorrow. |
No, I just think the value is being picked up by more people and because the float is so small and the daily volumes so low, it’s just ripe to gush. All about supply vs demand! |
Something afoot - or just lots of small buys?
I'm not complaining - nor selling. |
This is being gobbled up. We have a put at 110p because me and others will buy it considering the value on offer. Super annoying I couldn’t get more shares but I managed to get a circa 0.25% equity stake at 115p blended. I wanted more and hoped it would trade down but I think too many of us like the r/r so we’re all fighting for barely more than 15% of shares outstanding as they’re so closely held. |
It happens to the best of us. Just lucky with my timing here :) |
Agreed - which is why I bought a few at 97p. Pity about the larger lot I'd bought at 240p ;-/ |
This is a bargain. Below net restricted cash with underlying EBITDA of almost 7m. It’s not without its problems but you’re well compensated for them at these levels. |
Just bought in as first timer. |
Yet another day on the old leader board! :- / |
I feel like there should be something there, at the right price, but agree it's been a long, managed decline, with next-to-nothing to show for the various pivots to new business.
Maybe this latest succeeds.. |
This company has been revolving in a death spiral around the plughole for a good ten years now. It looks like the management has finally decided to turn off the taps. |
Interesting/bizarre RNS this morning. |
Sell it to The City – October 2022
University undergraduates pitch their best UK small-cap stock pick to leading Fund Managers Andy Brough, Schroders, Judith MacKenzie, Downing, and Stephen English Stellar Asset Management.
Ralph Atkinson, Sheffield University pithes CPP to leading Fund Managers.
Watch the video here: |
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