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URBIUM SET FOR A ROARING XMAS

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sharewatcher29 - Sat, 21 Dec 02 :

If on track for £9.1m (brokers estimates pre exceptionals) then at c£20m market cap a re rating to a £50m market cap would not be unreasonable, i.e. to c 10p share price again. This would still be at a very low PE for a growth stock on a peer group comparison and 50% below issue price. If on track I would expect an initial re rating to 6-7p rather rapidly. Based on city presentation a few weeks back plus fact that trading at start of 6 months period was 2% up, plus updates from peolpe visiting sites on this board (very useful) then this would 'appear' to auger well. We will know very shortly. Do we buy stock now or wait and risk missing the rise if all is good ? The usual dilemma !! IMHO DYOR


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