Andrada Mining acquisition elevates the miner to emerging mid-tier status. Watch the video here.
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...'must be Christmas Shopping!?
Oh and Hi jolly (forgot to say it the other day). Where have you been lately?
Well I accounted for the cash as £2m and yet got an EV of £9m. What am I doing wrong to continually over state the EV/EBIT ratio? Btw I've just came across Creston and was gonna tell you in on it but, low and behold, you're already there! Haha
net cash here is £1.5-2m, so EV is c £7-7.5m ...so Jolly cheap for growth imv ..no advice intended!!
EV is currently ~9m MCAP + 2m liabilities - 2m cash = £9m EBIT almost £1m as you said and growing EV/EBIT = 9.5 ish? Yeah this does look cheap for a growth stock. Will probably invest when I have some funds
stock 4 ...imv
..
EV around £7-7.5m ..EBIT around £1m & growing (12% last half year) ...Jolly cheap growth imv
The red24 business model has been developed to provide organisations and individuals with comprehensive risk management assistance from highly qualified specialists, 24 hours a day. Assistance is provided on an escalating basis as threats develop: Advice -> Support -> Response Clients can select the level of assistance they wish to embed in their own product and the level they wish to buy in on an ad hoc basis. This approach has enabled us to sustain margins as the business has expanded and has led to opportunities to utilise the model to develop other services.
Our balance sheet has continued to get stronger and we remain confident about the ongoing prospects for our business. Accordingly we are pleased to announce a further increase in the dividend payable to shareholders."
HALF YEARLY REPORT FOR THE SIX MONTHS TO 30 SEPTEMBER 2013 Red24 plc ("red 24" or the "Group") is pleased to announce its unaudited results for the half year to 30 September 2013. Highlights: · Revenue from continuing operations increased by 17% to £3.22 million (H1 2012: £2.75 million) · Profit before tax from continuing operations increased by 12% to £457k (H1 2012: £409k) · Interim Dividend of 0.22p, a 10% increase on final dividend last year. · New contract wins in accident and healthcare, including renewal of the AIG contract for three years to March 2016. · Acquisition of a 25% stake in an enlarged training business - Linx International Limited ("Linx") following the sale of Arc Training International Ltd ("Arc") to Linx. The merged training businesses are performing ahead of expectations
impatient lol
don't say you weren't warned lol ...terrific value here ...aaoo
as large sells on the order book progressively cleared
and a few hefty buys ...(325k sell; most of the rest buys) ...the effective bid is still too low imv to suggest a surge...so I suspect a few might sells lurk, hidden or not from the order book
ah...does he own any VOG at all? ...perhaps capt cash is a monster long...deviously dissing the mighty dog to load up??
The m/cap here is less than PB's stake in vog.lol
thanks for coming to visit ...I usually don't bite lol
You talking to yourself again Jolly Lol
fooled by MMs (again) ...I suspect those big trades are sells @ 17.5x..doh ...good that sellers progressively cleared ...but the only bursting may be my Jolly balloon
oh yes, baby ...cork straining to BURST
if you're hard enough
ta
...bit more oomph pls
..