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why does it tank so easily? familiar pattern.

the people who took this to 66p, were the ones who took it back to £2 and are the same people who will take it back to 66p and below. We can this time join them in the journey back to £1 short term and +£2 longer term.

cannot be ruled out. I can eventually see a Rights Issue. Strange how NEX fell to 66p when Stagecoach fell to 50p, yet NEX surged after that and Stagecoach struggled. I personally can see NEX drop to below 66p and Stagecoach hit 25p.
First Group is in real trouble.

Professor I agree with you. However, I do not feel the government can throw money at the economy like the Federal Reserve have been able to. Yes a building programme including big infrastructure projects will help SIG, but other sectors will be very slow to recover. You cannot rule out a double dip recession.

That depends on the behaviour of US stocks. At the moment they are not plunging, but NEX is, so just imagine what will happen if the DOW plunges?

Disagree with a move north. Agree all the fit birds are up north and you can pass as many of them onto me as possible, they will get a " ride" better than any NEX coach they have ever been on lol.

They have very deep pockets and are a "bottomless pit." However, that does not mean they are willing to throw good money after bad. Thankfully if we see a significant improvement in the update, we will see a SP rise on the understanding a bid for the company could arrive at anytime.

The reason why SIG will recover strongly is because they are "insured against failure" and these people will pounce on any prolonged weakness in SP.

https://www.usa-vision.com/kkr-sells-software-group-epicor-to-cdr-in-4-7bn-deal/

vaccines will be deemed safe, but not completely effective.

roisin agree, but on a pro rate basis. Just look at the number of shares now in circulation.

because they will fall down below 25p for the ''sake of it'' before doubling!!

Year 7 kids go back on Tuesday and I hope we don't get a second spike.

Excellent Post Professor. I can see this falling even with a good update because there is just so much uncertainty out there going forward. I think key to understanding the SP, is to consider what the SP would be if the term coronavirus had not even been invented. I think we are looking at no more than a quid. This is because it would struggle to perform even without a recession and the effect of brexit. Add to that the number if shares in circulation and we are really looking at no more than 40p for a long time.

Agree, however we really should be getting above 40p whilst we can. This is because I fear the markets in the wider context here and of course in the US may suffer a huge correction soon.

I sense fear in your post, are you sitting on a big loss? The bottom line is, until profits improve this is going nowhere and with a correction in the wider market coming soon, this will cause Reach to crumble.

Ok if it is not going back to 66p, then at least please concede it is going to a quid. This is because we have yet not even seen the slightest bit of formal acknowledgement in the US that there is a disconnect between stockprices and the economy.
When the DOW and S&P 500 fall even by a moderate amount, this will cause NEX to plunge.

But not from the current SP, more likely from below a quid. We must appreciate that stocks are hugely influenced by the Dow and S & P 500, both of which are wildly overvalued because they have a " one track mind" which does not see beyond a V shaped recovery.
Most strangely, if a V shaped recovery is confirmed, they are more likely to fall than rise because the speculators will find a wayto pull the markets down.

In the event of a protracted US recovery, we could se a huge correction or even a crash and that is the point at which NEX will drop beliw a quid.

Not about waiting for schools and numbers rising, it is about profits and debt. Can see a Rights Issue next year.

Why don't you talk? Someone has posted, answer?

More than likely a placing at 20p and Issue at 25p. What we do know is, this will recover over time. However, it is a dead cert the SP will fall beliw the placing first.