SP's reflect the future not present7 Apr 2020 19:22
As a "rule of thumb" the current SP tells us what the institutions feel the SP will be in 12-18 months time. We must appreciate that although stocks are up,they cannot sustain these values given we are going into a recession. All SP's will drop, in many cases plunge and will have to work there way back to these levels. These went from 19p to 80p within 24 hours, which is mind boggling, lots of drama to come. Cinemas will be dead at Christmas!!!