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£900mill turn over company with finances behind it. No massive risk. so dont worry you will see 15-20p soon. In fact yesterday people got shares at 14-17p!.... so bu and hold....nice opp right here...
Hi all. There is clearly a lot of confidence here based on posts. I have done a fair amount of research but there is one thing on my mind I am struggling to fully understand.....which is that I am trying to see how well placed they are, with cash reserves, to weather a serious downturn in business as a result of the virus. Oil is down because of the threat to consumption, shipping volumes are already down, and surely this will impact ES? I am not knocking it at all, but forget historic revenue because the whole economic forecast has changed significantly in 5 days...so what makes this so undervalued? Genuine post and all IMO.
To be fair though the huge drop yesterday probably spooked a lot of speculative investors who suddenly saw their profits wiped out of found themselves heavily underwater... it's entirely reasonable to expect that now we've recovered a lot of that lost ground they dont have the stomach to sit in over the weekend
There are the clear day traders here to me wanna buy at 9p sell at 11p let them have their fun and day if thats what you do. But IMO you don't need to waste time over next few weeks/months this will easily hit 20-30p and that is CHEAP!! DYOR this has legs......and serious bucks. What an easy share to have not often we get these!
The overall trend has been positive all day - but the rise is being heavily sold into by traders, hence the resistance
I'm totally with you on this. Cheers I guess I was just wanting reassurance as I felt same as you the drop to this is a massive overreaction and time will bring this back up to good gains. All the best and good luck thanks
Retracing now back down to 10.7 to buy
BALDY - Seriously mate this is a solid share. 71p pre suspension in much better place now. Its not a NCYT or speculative mining / gold / gas share. This as they say is a £1Bil turn over company with finances behind it. No massive risk. so dont worry you will see 15-20p soon. In fact yesterday people got shares at 14-15p!
The spread here is indicative of a large worked buy being worked in the background imho, scaring off buyers, wonder who that might be!?
I see the opportunity but I'm just curious as to what seems to be too much confidence. I have seen things like this before and it goes all pear shaped. I agree that its cheap hence why I bought in. I will hopefully see it get to 35-40p but I want to see 15 - 20p first and go from there. I have done my own research but I don't want to be caught up in over confidence and get carried away I'm trying to stay on level ground. When the stock rises I will get excited.
Sea of blue and I’ve no funds to buy in. Ffs
The reason its down here because they are forced sellers due to market cap rules
Also worth remembering icartz that they now on 49% and not 100%
CONFIDENCE because before suspension this was at 71p and in a worse position than NOW so this price and 40p is too flipping cheap dyor !!
I did once before and that involved Stobart too. It was when there were rumours of Stobart making a bid for Flybe. Everyone was VERY confident that a takeover bid would come and that it would be a no less than 35p if I recall correctly. What I do remember though is that a bid DID come but at 1p not 35 lol. Hope its different here.
If you need to ask then you shouldn't be near a trading platform!
The confidence in this share by everyone is through the roof! I'm confident in making a few quid but how come everyone is so super confident of this turnaround. Don't think I have seen this confidence before on other BB's