Well, now that we've broken out of the resistance around the 6.40 area (one of the stages of the drop in sp back in October 2008), looks like 9.30 is a reasonable target given in Sept 2008 the sp was over £10. A fair wind and continued pressure on the £ could well see the sp £8 by mid-Dec as an interim target, with an inevitable dip ex-divi, followed by a surge towards £9-10 by next May. Irrespective, sp has done pretty well to date: £2 in two months!
Well, a month on and was worth watching! Another good report today but you do wonder about leaks when you see the size and number of the late reported trades from yesterday. Who says insider dealing is dead?!
Barclays target is now £6.80 I think. Reckon it could easily go to its pre-2008 levels ie £7.20, given the Brexit exchange rate windfall and 3i's business strategy.
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