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A healthy start but came out of the 34-35 channel temporarily. Thank goodness for those clever 'bots to keep the Blessed sp in line.
Yes ... The brokers are all over the place on Premier ....at one extreme one broker is saying the value of the shares will go up five times if brought now .. while at the other extreme a broker is saying the value of the Premier shares will go down by one third if brought now ...... Keeping the faith is what is required here !!!!
I an filling my boots. Ok we got 1 billion debt. Ouch. The company is hot, like hot as hanging out with a proper fit chick
If I was I was on board of this company, I would strongly suggest for support from shareholders for cash raise, to cover current asset position.
Broker forecasts are generally inaccurate
Once the RI and the impairments are factored in and considered and the SP is rerated to show this and only then will this share provide a adequate base to move forwaed from, good news will come through only after this/these events are factored in.
Once all this has come to pass and only after these events will the share price look to be a winner.
Good luck to any holding through all of this, lets also not forget that we are still facing the largest recession in our life times, most likely to start really showing through once the vaccine for the pandemic has been created and furlough starts to unwind at the end of October.
Heres to a choppy 6 months, only for the brave, time will tell.
Good luck to all, whichever side of the looking glass you are seeing through
Funky
Another thing to point out is that fact that price of oil has continued it's gradual upwards climb over the last month ( though admittedly very choppy )
from from just a little over $42 dollars a barrel on the 9 th of July to almost $ 44 and a half dollars a barrel now ......The lowest point was around $20 a barrel mid May so the overall recovery has continued from this low point but just at a slower pace ...
...
I have been trying to research some broker forecast for the price of this share and the choice ( depending on which broker ) is either as low as 22 pence or as high as 169 pence ...!!!!...So yes a gamblers share .....I think the simplest indication is simply to watch if the higher than expected drawdown in crude oil in the USA will continue as at some point this can no longer be ignored and must provide support for the share price ..Lenin