XPF’s inaugural CMD highlighted the strength of its two concepts, insights into the market and growth opportunities. Whilst no material new financial information was shared, management addressed areas of investor push back and outlined a clear strategy targeting a doubling of EBITDA to £13m by FY28. Management has a good execution track record, which coupled with inherent proven strengths of its concepts makes for a compelling proposition. Shares are trading on a highly attractive 3x EV/EBITDA, ....
