Market's view on Inspecs Group
Published on April 2024
- Stock watchers have noted a flurry of buying activity which pushed the bid up to 54p, with market capitalisation at only £52m. Downing increased their stake to 7.27%.
- Concerns are raised about Inspecs’ leadership qualities, particularly the lack of trust in Myles McNulty.
- Positive reactions to recent updates suggesting the stock might be undervalued based on 12-month rolling forecasts.
- Inspecs reported a pretax profit of £200,000, a swing from a previous loss, with revenue up by 1.1%.
- The company is launching new products including gaming eyewear and has improved operational efficiency.
- There is criticism of the company for repeated downgrades of EBITDA forecasts.
- Discussions involve whether Inspecs stock is undervalued, with debates on appropriate financial metrics and valuation methods.
- Some stock watchers express concern over the company’s history of profit warnings and management issues.
- The company’s cash flow management and debt levels are scrutinised, with varying opinions on the financial health and prospects of Inspecs.