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The Board is confident that the strategic actions taken during the pandemic, together with continued investment made in FY22, ensures the Group exits the year in the best possible position to grow market share across its core addressable market and expansion areas in FY23.
I'm not what more you could reasonably hope for?
50p lol, that's 1/3 of the value it hit when covid panic was at its height
The shorters may be having their fun now but come back in 12 months and the longs will be very happy they held/bought at under £1
Well surely it can't remain divorced from the growth story for too much longer.
All time high sales, 25% growth even in a challenging environment, all time low share price. At some point it will have to start aligning again.
Yep 25% growth in sales vs 2019 is obviously good news.
Do agree though I dislike it they say PBT is "in line with market expectations". What are market expectations? At the moment the sp is at an all time low (despite the impressive growth) which doesn't say much good about market expectations!
Sage prefers telling us these things:
When invested, he was happy £11 was a fair price, and indeed thought it was heading up to £14
Below he argues £11+ was never rational
Now out, argues the dip to £2.50 is perfectly rational
I'm happy to hear views different to my own, but flip-flopping to this degree seriously undermines the poster IMO
Is that right sage. You sound very wise now but on this very board you were bullish a year ago, and holding GROW at over £10. Where was all your doom and gloom about paying for the banking crisis then? This is just the one example of what you wrote here:
sageoflondon
Posted in: GROW
Price: 1,082.00
I could be wrong, either way I'm here for the price in 7/8 years not next 2 so I'm sticking around. I don't like doing it, but my new 2024 (3 year) share price prediction is £14.
Personally, I don't think the current environment is worse for business than a global pandemic, worldwide lockdowns, travel bans, forced closures and no end in sight with no idea if/when a vaccine will ever be coming.
What we're seeing now is at least manageable and we know it will pass, because it always does. Could not say the same about the pandemic 2.5 years ago.
The market said this was worth 289p at the height of covid panic. Anyone who saw through the fog then and bought then had a 3.5 bagger on their hands.
Now we're at 250p and I don't think prospects are any worse now than they were 2.5 years ago.
This is an outstanding buying opportunity, "Be greedy when others are fearful".
Porsche is probably a Russian agent, here to spam lse and advfn with anti uk rhetoric.
To be fair, this kind of approach worked in getting UK to vote Brexit (which is at least partly responsible for the collapse we're seeing now), its also working on the financial sentiment now it seems.
I expect this nonsense all to subside soon, a a bit like the way non-stop media coverage of immigrants in rafts went away soon after the Brexit vote. Great opportunity to be buying at low prices, dip your bread in peeps, wherever you're from ;) :)
From these prices a 50% bounce is nothing
This was trading around 140-150p before they discovered the covid vaccine, so 120p still leaves us well short of that.
Once some common sense starts returning to the market I expect this to at least double. Inflation will be back to down to 2% or less within 18-24 months, the current nonsense will pass and stocks will recover. They always do.