What we need here is a proper short squeeze. It will happen, that's the nature of the stock market, and when it does this will sail back up towards 200, combined with more positive news.
You would think that the institutional Investors who rabidly snapped up shares at 400p just over a year or so ago will be having words. Sitting ducks now at this level, just above cash.
Valued not much above their cash holding at present. So not much value given to the actual business, which is incredible seeing how they are supposedly leaders in their field!
Any research been done on the institutional investors here and their averages? I know the placing at £4 a year or so ago was oversubscribed, which is incredible to think now. Wondering what would be acceptable as a takeover figure to them?
Well I'm back in at this level, seems cheap. Previously bought in at 320 and sold at 350. Will look to hold for a year or two this time around and I hope we'll be back above 150 within that timeframe. GLA