Market's view on Peel Hunt
Published on April 2024
- Significant concerns regarding the rapid decline in cash, from £103m in March 2021 to £22.5m currently, raise questions about the company’s liquidity and asset management.
- Some watchers advise selling shares, particularly following a cautionary statement from Numis.
- Doubts are also cast on the initial cash position reported at the IPO, hinting at possible financial embellishment to attract investors.
- Brief speculation about potential progress on undisclosed ventures, but no concrete details provided.
- Discussion about Numis possibly aiding the company’s position, with hints of potential acquisition interest from competitors like SAN.
- General scepticism towards recent announcements perceived as evasive and possibly indicative of underlying profit concerns.
- Criticism of Peel Hunt, with mixed opinions on its performance and reliability as a broker.
- Peel Hunt’s recent public offering is highlighted, marking a significant phase in their growth strategy, aiming to capitalise on their market momentum and expand shareholder base.