Pathos Communications is a PR firm that focuses on smaller businesses using AI technology to identify and service clients. It has an impressive growth record, but a poor history of debt collection.
The share price ended the first day at 32p and has subsequently held steady at 32.5p. There were 158,910 shares traded on the first day, falling to 52,860 shares the next day. There was limited trading over the Christmas period.
The current valuation assumes that the growth rate will continue to be rapid. This appears high enough until there is more evidence of the successful investment of the cash ...
