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In since 40p and after hitting 52p this week a thought we would be pushing to 60 and beyond. Will be back at 40p at this rate.
Last rns was positive so I guess this is just games by the market makers. Frustrating as hell
I think those with a more positive outlook like to call it a "treeshake"
Danf
the market is far too fragile to push up to 60p at the moment, on lower summer volumes, given the macro sentiment at present.... proft takers dont have too lofty expectations at present...and buyers are wary and cautious
There must be a fund selling.
25% down this week.
1million shares traded out of 750million in issue . If my maths are correct that’s 0.13% and not all of those are sells.
If I had more I’d be in . Kicking myself because I nearly pressed sell on a low 40s tranche on Monday . Bu66er! ?????
I considered profit taking at 52p a couple of days ago, obviously wish I had now.
Ultimately, the reason I didn't though is because I'm holding on here for 130p. This was the price pre covid and they also managed to break 130p last year too. I don't see any long term issues that should stop us getting there, so just a little patience required.
Yes, my thoughts to. Was just hoping we would be halfway there by now.
Deary me talk about falling knife.
Where is the bottom? :(
Trading update will be interesting : expect they've done well - but costs up and concern over future revenue (market will likely panic a bit -or- have already built that in). Looks like management have hedged well on energy and interest rates and have enough of a buffer to see out a recession. My view is wagamama will still be seen as a treat and those who visit aren't in deep deep financial trouble : so it'll do okay... but one will have to ride it out.
My only confidence here is that the directors purchased last month and the business spent £7m on the Mexican acquisition (which they wouldn’t if in a bad way). Plus they paid down some debt early.
Fingers crossed. By the dips I guess…
Just jumped in here, some crazy buying going on, this will spike up.