OK, so you may be right, but the trouble is there isn't anybody at all waiting in the wings to pick up this greasy baton if he decides to ride into the west, is there? That's why I reckon that news of him going would cause a massive drop, not just this little burp.
I'm not at all down and out about the market's reception today, but....surely it was all exactly what we heard a couple of weeks ago, wasn't it? Even down to the dip on the share-price that same morning. Sooooo....What the Donald Duck was THAT all about? Come on,somebody enlighten me...Why did the bank give out that bizarre impromptu "leak" a while back? Surely today was "results day"; what was the need for Antonio to tell us all the results two weeks ago? IS he losing the plot, or what?
I feel that this is going to be the most boring stock over the next few months, drifting along in a mode without real direction one way or the other. There are much better opportunities out there at the moment to park spare loot. It may well be worth re-visiting later in the year but will never be exciting I think, as even when the divi is announced it will be tiny and will disappoint most people. I think with the present infrastructure disasters with which we are faced, it is time to look at the engineers like Balfour who pay a real dividend and ought to benefit from the disaster. There are always some winners in a disaster, in any country.
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