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Journeyman's avatar

As per their latest results - https://tools.euroland.com/tools/PressReleases/GetPressRelease/?ID=4442589&lang=en-GB&companycode=services - they are now worth a bit more £105m in market cap + $38m in net debt for £145m EV. They are growing revenue and improving operational metrics. Weirdly they have moved borrowings from non-current liabilities to current liabilities on the balance sheet which makes no sense to me - I've asked them, waiting for reply

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they now expect to make £25m PBT https://data.fca.org.uk/artefacts/NSM/RNS/4774894.html in the year to 30 April 2023. They are worth only about £83m market cap + £30m debt ~ £115m... not bad I think

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