PGR the pas group limited

Ann: H1 FY2020 Trading Update, page-5

  1. 31 Posts.
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    assuming no surprises from underlying to statutory results I am quite happy with this.

    The EV is only 21.6M so assuming we can get an annual EBITDA of ~8-9M we are talking about a 2.5x multiple for a debt free retailer at cyclical low earnings. I see potential for both earnings and multiple expansion here which could really drive a share price recovery.

    the like for like sales growth in this environment is impressive.
    Last edited by UncleJr: 29/01/20
 
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