RE: On verge of spring back16 Oct 2019 15:50
This will settle around 50p - looks like the mm’s want to pick up as many shares along the way as possible by way of dramatic rises and slight retraces with those in fear (of getting ‘spiked’) selling up.
This will move day by day, we are due an update from the company which is due any moment. Revenues fell 3.8% from 405 to 389 million - that does not warrant the drop here, which also in part due to ii selling at whatever price they could.
Yes theres debt here, but a stupendous amount of oil too. Like i said 50p is my target here. GL