Reality17 Jun 2026 04:46
And realistically speaking, a price change of less than 2%, further confirmed by high volume at the highest and lowest share price's levels, doesn't really offer much room for maneuver for a long-term investor. Considering transaction costs and the 0.5% transaction tax, any such attempt to capitalize on share price fluctuations is a struggle for profits up to 1% of the invested capital. While this may look good for an investment of Β£100k or more (though the real profit level narrows due to transaction liquidity), in reality, with an investment of up to Β£5,000 (when we can relatively easily position both supply and demand in the market), we're talking about enough profit for a morning sandwich and coffee at McDonald's. And that's the current reality. As for forecasts, given the current macroeconomic climate and the company's active buyback, it seems much more likely that the company will reach and exceed the annual price highs of around Β£3.60, as will the company's share valuation dropping below Β£3.
So my rating is "Strong Buy" and above all start thinking.