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- 30 May 2017
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Since hitting 14c levels YOW has retraced significantly, tempting me to sell. But on this occasion I decided to give it a bit more room to fall further as the Trading Update released today suggest things are going OK. The turn-around is taking place slowly and they are reporting a small profit compared to a loss in the prior corresponding period(pcp):
Another interesting figure from the above slide is they have 19.5m cash and they have no debt. Market is valuing this company at around 21m (MCap), which suggests value assigned to the actual business is less than a mere 2m or so. Good gosh !
Another interesting figure from the above slide is they have 19.5m cash and they have no debt. Market is valuing this company at around 21m (MCap), which suggests value assigned to the actual business is less than a mere 2m or so. Good gosh !