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at a 25% reduction in SP......give it a few days or so for the dust to settle and watch the SP rise.
Agree with 'Optrade' - the results are in line with realistic expectations albeit with some negative forward guidance.
Market tends to initially over-react to any hint of negative forward guidance and once the panic sellers are out of the way, watch the buyers come in over the next week or so.
Will be interesting to see the so called 'Analysts' jump on board and revise their SP guidance down.....happens all the time....I just ignore them.
Irrespective of the negative forward guidance - the current 25% SP drop is excessive and will sort itself out over the week.
GLA
Two have already reiterated their opinions, and their targets are over 600
Where's that info from?
Showing on HL, on their broker forecast
Best to ignore 'Analysts' forecasts - it's all guesswork anyway. Albeit a positive forecast can influence the SP.
I've seen numerous analyst forecasts on numerous companies where they upgrade one week and downgrade the next week....they just follow the SP trend.
In my opinion.
- It's way oversold today (25%- 28% drop is certainly panic selling based on company guidance of slowing growth.).
- The SP will find it's true value (once all the day-traders make money/lose money today....SP is too volatile today with all the sellers/buyers).
- Sophos have a good product and will always have a decent demand.
- SP will be back in the £4+ range by early next week.
- Current SP makes Sophos an attractive buying target for any competitor (that will certainly make the SP shoot up).
As far as I'm concerned this is a great buying opportunity for the medium term. Once the dust has settled, You'll see some decent institutional investors buying at a very good price. If you sit back and think about - does a projected slowing growth really justify a 25%-28% reduction in company value? Of course it doesn't.
I'm confident that the SP will be back at close to yesterdays range by December.
agree FTSE12 with all you say.it would be very interesting to see statistics regarding the accuracy or otherwise of analysts forecasts based on time scales which you rarely get.i am also staying out for today but agree that its going be a great buying opportunity over next few days.all in my opinion of course
Loads of huge late buys after hours being printed..this should gap up above 340p on open tomorrow imho
GLA
What percent is the divi usually on this and when is the interim divi due?
Divi 0.8%? Growth stock Expexting 400p by end of week