RE: Just checking17 Jun '22
Ha ha, Nutmeg, our mate Bluerill thinks the 'vast balance of probability' is that something amazing is going on behind the scenes. Meanwhile the shares are now down another 20% LOL. I am glad my fevered imagination saved me from such drastic losses here, and that my 6th form analyses saved me a further 20% of my capital (not to mention the further 20% from selling in the 50's). He must be extremely insightful to continue to hold at such a cost to his investment - perhaps he is still in investment junior school?
I really dont see much upside here. If there was something good occurring, there would be clues in the price action, and actually the price action is horrendous here. Maybe Bluerill has it wrong, there must be a first time for everything.
On a serious note, without other news, I dont think the buy back will do much for the SP. Many companies are doing buy backs now, and a lot of those have not lifted the share price, some are making new lows.
Zvi has saved 20p per share (40%), I would say, shrewd but definitely stingy on shareholders.