This stock has a PE of 8 , makes consistent profits £60M plus in latest figures, and has outstandong momentum so why would Stockopedia rank it zero on each of Q V and M ? Could someone explain please ?
Puzzling, yes.
90% of all the metrics on Grow's page are blanked out, no info in any way, shape or form, as if it's newly listed or something. An error, an anomally?
its a venure capital business focusing on investments in early stage tech and biotech businesses. So the profits are difference in value of the investments on the balance sheet this year compared to last year. That means the profits are lumpy and tend to be positively correlated with stock market levels. The business is not really a Price Earnings business, rather a net asset value business.
