Well it rose strongly on Friday, I suspect that was divi chasing. However with FTSE down 3.5% this has tanked over 7% so the losses are double that of the FTSE. Sheep selling because they have to follow each other! I have made one more purchase at 287.5p. I'm hoping that would be quickly in the money - but I could be wrong!
Don't write off your holding. SELL IT That way you can get cash to buy something more suitable for the times. It's still worth £1.60 per share so someone will happily pay that.
RE: no light at the end of the tunnel20 Sep 2020 21:34
Nuri - I am invested. One can buy shares that benefit from the downturn such as IG index or even TP Icap. Tech sector would be in the same fold. But there are shares now cheap as chips if you have the nerve to hold. That is why I think now until Jan 2021 is good time to buy as sellers are still selling that means UK shares are cheap. This will turn around next year maybe - but then everything will cost more. Especially the "recovery shares"
This has got to rise to a minimum of 310p but probably more like 320p before x-divi date on October 1st. That's 13 days away. Then investor update on October 8th so it should be a good week for shareholders.
Brent finished up 4.5%, Pfc finished up 1.9% with a strong last hour bounce, and Goldman says commodities is a buy. What more needs to be done? Should must go higher tomorrow.
This and lot of other UK shares needs to turn around Valued at low valuations as if everything is going to collapse Differential is huge in other markets