RE: Back to 1p-5p short term?2 Jan 2023 17:13
Fwiw I think that this company is far from perfect. I think that it has a history of poor management and bad luck.
I also think that, based upon that history as well as the way the broader market/economy has been for the last few years, it now looks oversold and there is an opportunity for profit here over the medium term (perhaps even short term?).
One of my most successful trading strategies is to find companies that have been completely decimated due to incompetence and/or misfortune, but that also have realistic reason to expect positive turnaround in the following 6-24 months. I usually aim for tenfold increase as a minimum with these opportunities and they have sometimes gone beyond that level of increase (e.g. eqt, rose before it became zphr). Its all about timing your entry and exit.
On that basis, I've taken a position here and am happy to see where we go over the year.
Atb