RNS -NowP/E of 3.75 way to cheapToday 11:2910 million market cap
3.8 million cash
Profits £1.6 million pa
Taking out the cash thats earnings of £1.6million over £6.2 million
Or a p/e of 3.75
Thats very very cheap and considering that they wrote of £0.61 million on investments which is a one off ,the profit would have been £2.3 million.
With operating margin of 39% and if turnover keeps increasing at 33% per annum share price really should be double this and more.
I quite agrree with all that-share price should be much higher.
Can see no date given for the March 1917 results but the figures for last year seem to have been around the end of August.Does anyone know the date please? Recent activity does suggest some upward movement is imminent. I can find no information on the website.
Share price dropped of here for a while,however if the profits their large subsiduary keep growing at the rate they have the share price is way to low.
Has a large chunk of cash in the bank and director has been buying loads.
Price now moving up swiftly with few buys and results soon,time to add some more or buy in as this could jump very fast if good news comes..
As predicted this is still on the move upwards. Since August it has almost tripled in value. I still expect it to hit 3.5 this month ahead of the annual results. When they issue a year end trading statement do not be surprised if it leaps to 5p.
Just topped up. Should get a trading update towards the end of January with 3rd qtr results, if they are on target for a net of £2m for the year as I suspect they are then if they continue to trade at 16x then we should see a rise to around 5p, would be nice.
I suspect that we will only see it go to 3.5p before March.
Surely there is something going on with directors buying almost daily at the moment? Buying at 2.24p as well.
30 November 2016
("Octagonal" or the "Company")
Octagonal plc was informed today that Martin Davison, a Non-Executive Director, today purchased 1,000,000 ordinary shares of 0.05p each in the Company ("Ordinary Shares") at 2.24 pence per Ordinary Share.
Accordingly Mr Davison now holds 21,065,000 Shares, representing a holding of 3.76% of the Company's issued share capital.
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