RE: Hold22 May 2026 08:45
Thanks buddy. I have bought a lot below 2 GBP, averaged down and it's a pillar in my portfolio. Although confirmation bias can make one overconfident, I will consider adding up at this currently distressed price. I'll tell you something. I was screaming for buybacks before the recent results announcement and I send e-mails to five different sources that can influence the company, saying who I am, how many shares I own and what I believe about the valuation. Of course, I didn't get a reply neither did I expect one to be honest. The results came and they said "we're doing buybacks!". However, they didn't start the buybacks immediately, they located them in a future time instead of a dividend. This means they know how undervalued they are and it showed when insiders started buying stocks. This future promise and the small amount of insider trading gave me an indication that they are reluctant regarding the short-term liabilities and the CFO change might have played a role there. I'm now thinking that if a bid like that comes and the board proceed to immediate rejection, we will see a great upward trajectory in the stock price. This will show conviction. The cherry on the top is the amount of the buybacks. If they buyback as much as the divvy they used to pay, it won't materially affect the stock price. But if they do more, they will put upward pressure and make the stock repurchases more than 10% of the daily trading volume, which is the sweet spot for upward share movement (this is just an empirical rule that I have and can be objected). Just my two cents.