Of course everyone is saying they would sell at 62p because it is nearly half that now! But when one day it is 40p then the next day it is 50p, then the next 60p no-one will sell. Because they will all think it will be 70p the next day! Hopefully they are right.
Winny I wish I knew, by all rights it should have moved significantly by now but the longer it goes on the more I'm inclined to believe the tin hat wearing brigade who insist this share is being manipulated. At the end of the day though you've got to believe in the efficiency of the markets - if we stay at this level we will get bought out, if we don't increase enough then we will get bought out. If anyone has £1 they are willing to sell for 35p, 62p or even 99p then please give me a shout!
That's all well and good, but what is going to make it move? Everyone knows what to expect and the price is 35p. When news comes it's already priced in, what do you think will make this move, when every recent bit of good news has meant nothing?
Admittedly it's a lot better where we are now but people should stop sounding bruised and beaten. This share happily traded above that level without any of the positive developments in the last 2 months. This share is worth at least 85/90p (it's a £1 asset on paper so give a little for risk).
Oh course I'd be happier to see 62p than 35p but don't just stop there, this is worth a lot more so don't sell yourself short.
FYI, this is not intended as ramping, yes I'm long here, yes I'm underwater (I first invested in 2009) my average is low 50's now but people need to appreciate the value of this asset and get out of the mindset of covering their loss and realising the proper value here.
Datafeed and UK data supplied by NBTrader and Digital Look.
While London South East do their best to maintain the high quality of the information displayed on this site,
we cannot be held responsible for any loss due to incorrect information found here. All information is provided free of charge, 'as-is', and you use it at your own risk.
The contents of all 'Chat' messages should not be construed as advice and represent the opinions of the authors, not those of London South East Limited, or its affiliates.
London South East does not authorise or approve this content, and reserves the right to remove items at its discretion.