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This thing just won’t drop so that I can buy in! Solid stock.
Sold out ages ago in 40’s. Still undervalued imho but surely has to drop soon.
Why would it drop Peak? The previous drop was panic over how the Covid situation would affect the company and just general panic selling. The company has operated and continued to function to almost 100% capacity throughout and will only get stronger as restrictions lift and the government investment to stimulate the economy continues. These items combined along with (hopefully) some form of brexit deal will see this soar. I don't see any significant fall back in value and could easily see £1 before the turn of the year.
Why do you think there is the potential of a drop in share value? I'm always interested in differing opinions to allow for a balanced view and to ensure I cover all bases, so this is a question out of genuine interest.
Thanks
Hi Snakes,
I used to work for this company. I sold out as I was concerned about some of the staff having been furloughed. I should have stuck with it as was in big at 42 and was convinced this was heading to 80 back in June. Alas, that was not the case and the placing was probably one of the reasons for the pullback. Which is frustrating. Not sure what the need for a placing was other than to pay down debt. Seemed a bit unreasonable but to their credit they obviously realised that this was way oversold at that time. I have since spoke to former colleagues and they say business is good. Lots of tail winds, not least being the price of oil. As you say, a Brexit deal would significantly boost this further. I am looking for an entry and assume there must be some profit taking on any significant negative macro (but this share seems to just keep powering through). I am concerned that if I jump in here that there will be a pullback. Shares were diluted so, in theory this share is well above 80p now. I just feel like there will be a pullback. Also have to bear in mind the need for RPS to turn a decent profit to re-rate. In summary, loads of tailwinds, great company but due a small pullback here with profit taking surely.
Thanks Peaks, some great points, all worth noting.
I can see where you are coming from, but my argument would be that it was already undervalued when the placings happened (and before this), the dilution wasn't massive either. I work in a related sector and have worked with in conjunction with RPS on a few occasions and always found them to be an excellent company. I see the concern over furlough, but throughout the industry people have taken advantage of the furlough "free money", to offset any impact on the business, in several cases this has been used where it simply was not required and I feel this may be the case here.
January seen £1.84, so I really don't think £1 this year is out of the question. Whilst I don't think things will simply jump in a straight line upwards, I don't see a track back any further than 76/78p at very worst and wouldn't be surprised if it doesn't drop below 80p again. Of course I could be wrong and the way things have been this year you never can tell, but I have an average of 42p and I won't be selling until we hit £1, and even then probably only a small percentage as I believe this has lots of potential.
Best of luck to you and everyone else
Indeed. I think you are probably right. If it drops below 75 I will join you. I suppose it’s a bit bleak buying at double price, having been in so low previously. That’s probably one of the reasons I’m waiting for a pullback. Good luck anyway!
Tempted to wait for 65 but probably won’t get there
Good call by you Peaks :) well played - You getting back in now?
I think I will purchase some more, when the deal is done by Sunday, we'll rocket back up Monday morning!
Picked some up. Sold a risky investment in HUR.
Plan to pick more up at 70 and in big at 65 if it gets there. I think it may drop further tomorrow.
:) :) :)
You won't believe this, but I just done exactly the same and dumped my Hurricane! At a slight loss I might add.
I have invested the dough into RPS and Lloyds
Good luck Peaks - I wish you all the best
Nice one mate. Not worth the risk. I should have sold yesterday really. Pure gamble. I think it may well go up but it’s just a complete gamble. Got in at 3 so made a decent amount but didn’t feel comfortable with it. I think this should do well mid-long term and not too worried about Brexit uncertainty here.
Anyone see a reason for this? Volume picking up a bit, but just see loads of auto-trades. No news, and market looks steady.
It’s probably related to Brexit uncertainty, profit taking and all housebuilders are down as well (port supply issues, materials prices increasing). Warranted a pullback.
Hoping for 65 entry. Topped up under 70! This is a bargain
Yeah i think 65 would be a nice start. I built a very nice position in this at the start of the year, but stupidly sold a bit early. So keen to get back in, but not rushing.
Yes I think I remember your posts. I did exactly the same thing. Once I’m in I’m holding LT this time.
Really like this board here. No silly ramp/deramp, just sensible discussion from both sides. I've built a position here pre and after placing . Obviously not great suffering a big drop on paper today, but I must convince myself what I'm getting in for in the first place and where I see this company come next year.
Nothing bad to say about this stock at the moment, undervalued, good company, no silly valuations, no speculation. Just good value investing here haha. You're right though, not many silly people here.
Yes agree, good board.
Not nice watching your profit being chipped away at, but focusing on the share price next year, not this year.
I’ve taken my gains a little early on some stocks this year, and with everything generally going north, there’s less opportunities about to get in at the bottom. So I’m in the mindset to run my winners into next year now and by then some sort of calm may be returning to the market.
We'll be back in the 80s by Monday lads, todays wobble is all down to Brexit - deal or no deal, as soon as the deal is ratified everything, including RPS, will steady and take a decent wee jump in the right direction.
There is fear out there and a hell of a lot of posturing on both sides, but both sides do want a deal and both know the potential down side of no deal is massive, so I am confident a compromise will be reached and we can all rest easy again. Tomorrow could be turbulent though, so hold on to your seats!
Best of luck
Picked up another tranche at 66.5!
Will pick more up below 60 if necessary
Could slide more Monday but maybe not... decisions.
When it moves it moves fast, that being in both directions haha. Just picked some up, need to start somewhere.