FEVR – has been falling for some time now.
It’s P/E has halved over the recent times and it has experienced a lot of negative selling pressure.
However, it appears that a forward P/E of 27 ish is reasonable considering the early growth position of FEVR in the United States and in particular it has struck the relationship in the Tequila Market and promoting gin in the USA.
Kevin Havelock a NED at FEVR and has a long history in the drinks history shelled out £289K on the stock at a price £21.77 and I guess I have a relative bargain at an entry point of £18.56.
Still relativity counts for nowt if it keeps falling.
I see also that Smithson added FEVR to it’s list recently also at around £21.
Time will tell.