Previously writing on provider of digital commerce, products and related services to the promotional products industry, Pebble Group (PEBB), in December with the shares at 147.5p I noted a lot of net cash generation ‘scaling’ looked needed to justify the valuation and that I avoided. The shares are currently 110p, though that with they more than 22% higher today on the back of 2021 results. So what’s the story?...
Provider of technology, services and products to the promotional products industry, Pebble Group (PEBB) “is pleased to announce that the group's results for the year ending 31 December 2021 are expected to be at least in line with market expectations… has a focused strategy to invest in scaling… recurring revenues, alongside the continued attraction and retention of major contracts”. So why are the shares, at 147.5p, down from when I previously wrote?...
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