Mercia Asset Management is scaling up fast and generating significant cash. It's valuation looks strange, if not patently incorrect.
For those with a Stockopedia subscription, there's also a good write-up on Mercia by Graham Neary.
https://app.stockopedia.com/content/small-cap-value-report-tue-2-july-2024-shoe-sup-kitw-merc-1001146?order=createdAt&sort=desc&mode=threaded
For those with a Stockopedia subscription, there's also a good write-up on Mercia by Graham Neary.
https://app.stockopedia.com/content/small-cap-value-report-tue-2-july-2024-shoe-sup-kitw-merc-1001146?order=createdAt&sort=desc&mode=threaded