RE: Highest SP since July 202014 Jan 2021 12:43
Yes i wonder why too ? This co has and is so much undervalued, i always maintained it is the automotive high perf sector that is dragging the group down. Lets hope they get more and more involved in the hydrogen market where the growth is expected to be phenomenal.
Some of the valuations of the major players in the hydrogen industry in the Uk defy all logic re financial parameters like sales, profit/loss , basic stuff really .But then again , some massive entities like, Linde, Bosch, EDF, Weichai, Snam , the Norwegian sovereigh fund and more are major holders in these co's along with super wealthy individual investors .
What RCDO needs is for a big industrial name or a very astute individual investor to accumulate a big stake like more than 10% , that will really make a difference