RE: 10 quid?27 Feb 2020 17:48
I sold my position at just under £15 at a substantial loss as I bought last summer. The reason I assumed for the trend down was as per the last profit warning, but the recent collapse from that rns is the Coronavirus obviously, as once the virus takes hold in any country apart from Iran the population in that town or city will not be very mobile, ie pubs, clubs, entertainment etc. which is what fevr is virtually dependent on. Therefore the sales in the next quarter and/or the following quarter will be severely dealt a blow until the virus is spent and the population get back to somewhat normal habits. Just check out Diageo’s forecast, and what do we want to mix with their liquor. Coke-Cola are in the same boat as with any other non necessities. If the virus is still going throughout the summer months, especially in the USA, I can’t see fevr share price making any gains.
GLA.