George Frangeskides, Chairman at ALBA, explains why the Pilbara Lithium option ‘was too good to miss’. Watch the video here.
The only reason I can see for a SP fall is if Brickington Trading dispose of another 45million odd shares at circa £1 below the current market price as they did earlier this year, resulting in a steady fall for the next 6 months or so from over £8 to below £6
Well if we knew that ............ for what its worth I did forecast £10/ share sometime this year sometime last year, but Mr Sagi reducing his holding by 15% has had a detrimental short term, hopefully, effect. On fundamentals this should be much higher for all the reasons posted here over the last year or so, however it is where it is and I'm a long term holder.ATB
I wonder too, the 15% tax rate has been known about for a while so I don't think that's the reason, though something seems to have spooked the gaming market. Most brokers rate ptec a buy with target prices upto 850p, either they are all wrong or we just need more patience, though I confess mine is starting to run short. All the best and good luck.
For a start i know you are not a deramper, but are naturally concerned by the continual fall no matter how good the news is. For me i'm a long term holder, but i do wonder if someone knows something i don't as i can see no reason for whats happening. At the moment i'll hold for the dividends and hope/ expect the sp to recover over the next 6 months. Whatever you decide good luck to you. ATB