I keep an eye on ICCheshireonline(iccheshireonline.icnetwork.co.uk) which often reports on GB who are relatively big players in the local economy.
staying on the 'positive' I reckon the recent round of interest rate hikes will help enhance GB's eps:-
last year 200k credit interest on 6.9m
this year I reckon they could make 325k on a similar deposit
200k translates into 0.25p esp
325k gets you to 0.4p a share - just about enough to pay the annual divi!!!
think the market have overdone the discount on GB - I reckon even with modest take up of URU this year and the continuation of the mature business we should see esp restored at the 1.5p+ level
with most tech companies trading on a multiple of 15x esp then GBG should be much closer to 22p+....AND thats before you factor in their cash balances which currently equal 50% of Market Cap(13.5m)
I'm keeping my fingers crossed for a positive trading update on 22nd July(AGM)
Well they can happily build away as far as I am concerned and the
more the better!! Maybe there's news on the way...???
Welcome dandu71 - it's certainly an interesting share anyway!!!
;>)