RE: reason for drop?12 Feb 2021 10:05
DYOR but,
- ************* article knocked confidence, read re-buff from company. Burford situation hasn't helped - few people uncomfortable about this type of business' accounting treatment;
- Negative sentiment re ongoing gov. financial support propping up "zombie" companies that would ordinarily fail;
- Re above ^, sheer length/ scale of that support risks a business pipeline issue which is knocking sentiment [excellent results in 3rd quarter statement, but warning of the above slowing referrals];
- II has exited after the above which has crashed the price further [but Mithaq has entered - q of what's the game plan];
- Uncertainty around what happens from here - when will the market exit its deep freeze?;
- Board is being quiet which doesn't help, although their disclosure has been very good all-round. Well worth signing up for the ShareSoc pres. next week;
- Lastly, some are frustrated at the "slow" momentum of this stock atm, at a time where everyone wants momentum - patience is key here IMO.
Would be grateful to hear if someone speak up if they think i've missed something/ they have a different perspective.
GL