The Ministry of Defence has awarded a GBP 6 million contract to QinetiQ-led Team Elaris to develop a deployable solution concept for enhanced Long-Range Navigation, an alternative to satellite-based positioning systems that can continue to function when GPS signals are jammed or spoofed by adversaries, according to QinetiQ...just to remind you guys.
With the company very prominent in the defence sector and the SP having fallen sharply since the war outbreak, does the team think now might be a good time to buy? My only concern is the strange increase in short positions from 0.7% to 2.3% over the past month.
BL2, regarding your suggested broker downgrades, analysts at Peel Hunt have just said: 'Market conditions remain challenging but focus on improving the debt position remains key in the near term.' It adjusted its target price from 525p to 495p on the lower forecasts but maintained its Buy recommendation. Hardly earth shattering. Please cease your pathetic scare mongering.
Mr Jinx, if you are currently sat on a 400% profit then SELL now. All it needs is for one of the patients to die (even if unrelated to his/her treatment) and the SP will crash. Having so few patients is what worries me greatly.
So Carrington, having bought the other day at 209p, what do you make of today's Trading Statement with the SP falling to 185p this morning? Another buying opportunity perhaps?
Even if the war ends this week, which seems highly unlikely, they say that the Strait of Hormuz will stay unnavigable for at least six months. My suggestion is to buy on the eventual dip, probably 325p next month.
Sorry but the orange lunatic wants to resume bombing. The stock market has therefore much further to fall before any recovery ensues. Keep your cash in your pocket until the end of the month is my advice.