Really believed this would hit around the 2.50ish mark, especially after the share buy back and strong recent performance. However with the decline in the metals and mining industry, this has been in free fall and i really regret not selling some of my shares around the £2.00ish. I wonder how long this will take to recover back to those levels and what is the lowest it can hit now. What are people's thoughts?
4 Jun '15
RE: Price fall
Sells a lot into Russia, steel prices not brilliant. This is a cyclical stock so demand is sensitive, the sector has been shrinking for a long time. Markets doesn't particularly like this company and doesn't think it will hit EPS estimates. The stock is quite highly correlated to the DXY. As the DXY shot up a couple of weeks back it took it through a support a 180p. From a double top. May consolidate around this level imo.
29 May '15
Any reason for the fall in price lately?
15 May '15
from 450p to 205p in just under three years, brilliant! But the recovery is good and ongoing!!!!
6 May '15
It is getting closer to my updated 228p top-slicing target. But it also has a history of retracing the following day on large climbs from the day before.
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