Break out13 Mar 2020 17:31
I see Goldman Sachs gave a price target of £20. Well I'll predict this doesn't have a cat in hells chance of £20 for a year hence. People on here saying but & put in a drawer & come back in 2 years. Well good luck with that. The dividend will be cut imo or a rights issue will be announced to readdress the balance sheet, or both over a period. Carry on burying your head in the sand. This will just drifts along, like Vodafone, Tesco, Sainsbury's & all the banks. All once paid handsome dividends & top heavy share prices. Where are they now. Drifting along. Every company in the world is based on making profits.all the aforementioned companies made big profits, then bang. With exception of HSBC, all the others cut dividend & share price plummeted, never to return, in some cases, I E Lloyds & Barclays 12 years later their still drifting along. The coronavirus on its own would have been bad enough, but the Russian v Saudi's clash will see the cuts I've been preaching come to pass. BP too, eventually will follow suit. When , not, if.