Beeks – No news is bad news…

…for their FY 2020 revenues and profits. But, like any growth company, the majority of its value is based not on the current or next years profits, but those in 5 or 10 years time. Nonetheless, with their ability to repeatably win large contracts unproven, and a track record of missing targets as long as their lifetime as a listed company, it this doesn’t bode well for the future. You can read more about Beeks here.

I now see revenues of £10.0m for FY 2020, with £4.7m of those in H1. This compares with a consensus forecast of £10.7m which has not updated since September. Given the lumpiness of orders at this stage (and recent history) anybody predicting FY 2021 is braver than I – the consensus is £13.5m.

I plan to update ahead of the H1 results with an EPS forecast.

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