A classic recovery play for me. This a risky proposition. However, I bought this with a 3-5 year horizon. The last trading update confirmed 2017 will be a tough year as the group completes its restructuring programme. We will see the benefits of this work in 2018.
Hopefully all the bad news is priced in now. With this in mind I bought a few more today in two tranche which are not showing up as buys in any website including LSE.
Anybody got any input about why this is romping at the moment? Trading update tomorrow but just as likely to hit a wall and collapse. I don't suppose there is any conceivable way they will pay the divi yield stated on Hargreaves Lansdown, just a mere 34%. Nice if they did to recoup some of my losses.
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