Bonkers valuations continue to puzzle this investment manager
Chris Boxall of AIM specialist Fundamental Asset Management remains perplexed why investors continue to assign such high relative valuations to these two companies; is he missing something?
The start of the week has brought announcements from two previous winners of Investor's Champion's bonkers valuation awards.
Online women's fashion brand Sosandar’s (LON:SOS) latest trading update saw the shares bounce 23% on the day, pushing the market capitalisation of this early stage business back to £32m. While the share price remains well below previous highs, and the news encouraging, the valuation still looks bonkers.
Sosandar expects to report a 53% increase in revenue to £2.82m for the six months to 30 September 2019 with September alone seeing 112% sales growth on the prior year and October’s sales surpassing £1m.
Having initially held back…
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