BA
The AIM seems to hold companies at a premium if they may be unpredictable. How many times have we seen a oiler drill a hole in the ground and the SP has doubled on nothing but expectation. The potential was there for months before the drill started turning but the SP was not.
This business in my eyes is very low risk because they are not in debt, they are increasing in size and they are in a market leader in a emerging market with huge potential.
The AIM views low risk as low reward so they are far from sexy. I believe we have gone full circle from a company promising much but with nothing to show for it with a high share price to a company promising steady growth with history to prove that and a low share price. Thats the AIM for you, full of dreamers.
A low current PE puts it in a different league, we are removed from the speculative arena to the profit making ongoing field.