…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.
LeoInvestorUK's blog 