Big mis­take!

Finweek English Edition - - MARKETPLACE -

I am of­ten wrong, but that’s what hap­pens in this in­dus­try. But when Mon­tauk first listed, I had a look at the group, op­er­at­ing in re­new­able en­ergy projects util­is­ing land­fill meth­ane in the US, and I de­cided I did not like it. Back then it was trad­ing at around 300c. Then the com­pany is­sued a trad­ing up­date on 28 April, say­ing it ex­pects head­line earn­ings per share (HEPS) for the year to end March of around $0.32 (426c at the time of writ­ing on 2 May). Yup, more HEPS than the share price was back in 2015 when I first looked at the com­pany. The share price is now trad­ing at al­most 2 000c and I will have a re­newed look when results are pub­lished.

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