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BTW I’m definitely not longing for a second wave, just trying to find some balance.
FI, market sentiment has improved, NEX has improved their liquidity, restarted services from 1/7 and won a school bus contract, I would say those are probably the reasons the share price is what it is now
The reason it's a circular conversation, fatprofits, is that certain people are not interested in an answer.
They just want to instill doubt for their own ends.
Some dergee of a second wave, for want of a better term, may effect those that want to flout SD measures. But it seems to being used as an excuse to also cast doubt on a recovery.
As Directive22 is saying, bit of a nasty way to try and get a buy in price. imo
Being in daily contact with my son in China, it does not seem to be the case. Except for a few pockets here and there.
And yes, the markets does set the price. And as of the past few days is setting it higher, day by day.
And, fwiw, the business was never "frozen", contracts were still being paid throughout.
Last comment on this subject for me as it's pointless.
I'll lets the sp do the talking.
Regards all, Si.
If it happens it happens. It just means those who roll the dice on it happening will be in cheap as chips again. I havent sold a bean. And as mentioned all share prices will take a beating as they did and recover as they are. If a second wave is due its best everyone sells their portfolio today and await the low low entry. More than happy to hold and grow here. Once the dust settles all the larger companies will be back to where they are and if not stronger. NEX included. Gla
Would agree, I've mentioned that as perhaps the most significant short term risk.
However, that applies to multiple sectors. And we don't know if it will happen.
It also depends on the degree of any subsequent waves.
Defo a good chance the price would get a beating if there’s a 2nd spike
This discussion is circular, the share price is where it is.
The market sets the price daily and any views of PI's, unless dealing in millions
of shares, are immaterial.
I don't think 66p was ever relative the true value of NEX...it was just market overreaction. The jump to £2.40 is all about the classic statement that 'a share price is largely a reflection of the future view of the company'. The fundamentals of NEX are great and as dreadful as Covid has been, NEX will come of with fewer competitors or buying opportunities (where companies have had to over-leveraged, they will be cheaper to aquire). I agree the move from 66p to £2.40 was without any real substance, but the reality is, NEX is in great shape and 9/10 brokers see £4.00 in 12 months (My own view is £3.50).As always, just my opinion .DYOR
Not sure how you came to this conclusion.
NEX may take a while to rebound given current climate but I think the fundamentals are strong and can ride out the storm of the crisis.
Assuming a vaccine is found, even in economic downturns, one would expect NEX to do well.
GLA
Continuing the recent trend- outperforming on UKX strength, underperforming on weaker days.
South Korea have reportedly closed schools again on an increase in infections.
Whether there is a significant second wave is a major factor in wider equity market direction.
Good entry point. Don't see this going down much more. Directors were buying at £2.30