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That is a serious purchase so that makes it obvious to me that the director thinks this is seriously undervalued, so we could have a 3 sss = Serious purchase, seriously undervalued, SERIOUS BOUNCE.
I think it’s evident with all the huge buys that the share price was being held back to 92p ish.
I’m hoping now with this and the directors purchases that we will see upward movement.
How much I don’t know but hopefully a good day and we can all enjoy the weekend
Lots of other big buys not just director so gotta give you confidence
I did point out the final single share trade of the day..
£500,000 Pounds buy? By Director of products? Wow Wow Wow
More Director buys.....Nice Nice Nice..
Pile in guys for the upward march
Another meaty director buy.
Interesting to find who sold stock as share price below ipo price
Some huge buys. This should fly tomorrow and the next few days. Very happy with my buys today.
Assuming 2022 revenue is guidance holds at 2021 levels as guided (£268m), with margins the same as 2020 levels 44% (as guided), this reduces the bottom line by approx £10m, to circa £30m.
Strip out net cash of £30m, and net assets of £16m you get an Enterprise Value of £250m. These one off IPO and share based costs won't carry to 2022 hence your looking at a company trading at a pe around 10.8 and 8.3 if you strip out the assets.
Good cash pile to acquire growth, operating disruptively in a growing market, this to me is a solid hold. And if they continue to pay dividends at approx half profit after tax your looking at a 4% yield. Happy to sit this turbulence out after buying substantially in the market today and will continue to add on weakness.
It took all day but the 880k sterling order got filled and is one of the main reasons for the price action today. Was very obvious on l2 to see what was happening the way every single sell was swallowed up and not available to buy. Interesting time tomorrow.
Just to add to AquaeSulis01’s, great analysis. We are being asked to work from home, guess what, people are going to be fitting a lot of bathrooms. I saw a real bargain today, so I filled my boots.
There were a few very large buys holding this back to 92p
Hopefully with these out of the way the price may move up tommorrow
It may bounce up sharply tomorrow
Casapinos, you certainly did well to jump out at the IPO price, but not to jump in at today's fall is somewhat niaive in my opinion based on your superficial profit analysis. Let me give you two counter stats to consider:
Firstly, regarding the profit, note "After accounting for £9.4 million of exceptional costs relating to the IPO in June 2021 and share-based payments of £7.7 million, profit before tax reduced by 17% to £19.7 million (2020*: £23.7 million)", in other words profit without once off costs associated with the IPO went up to £30.1M.
Secondly, the revenue growth was reported as 29% on the 7th Oct 2021 when the share price eventually settled circa 155p, this figure was confirmed today so nothing material has changed yet the share price is now 91p. This makes it an unwarranted fall in my book and hence a buy.
I bought in here at the launch having recently been a customer,but sold shortly after at a small loss, one of my fixed investment rules being to exit my losers early. I have kept a watching brief and was surprised at todays movement but my heading says it all, despite a surperficially good set of figures the significant data is this :
Operating profit this year 20.0mill last year 24.0mill (17%)
the 17% being the fall over the year.
Despite higher sales the company earned £4mill less . largely due to " exceptionals and Share based payments"
I will keep watching and suspect that a bounce is likely but until there is more evidence that the co. can turn sales into profit more effectively and use less of it for board bonuses ,there is too much risk here for me at the MO.
Looks like the price drop is seriously overdone as i have now read the news and not only are the directors confident of the future for VIC but they have put their money where their mouth is and bought a wad of shares today so for bargain hunting i like a lot.
just seen the directors buys looks like i need to get in quick in the morning as i can see a nice bounce tomorrow.
Some big trades after close, and a single share trade for anyone that believes in those things.
All upside now..
Boots full. Thank you sellers.
Approximately 120 million shares in the free float (rest is with CEO and family).
25 million shares traded today. Clearly been DMA manipulated to get all those mid priced buys to go through. Some sellers have no clue honestly.
Had a little stab at this one as long term recovery play. Let's see how that one works out!
follow the directors...
DIRECTOR BUYS