RE: Trending towards something??27 Apr 2022 17:35
Fear of sanctions has to disappear (although I don’t think they’ll be placing them here anyway). Peace / ceasefire. In UKR needs to happen. Less negative sentiment towards Russia in general needs to happen.
The business itself is absolutely fine and fundamentally a good investment. It’s just the above that is causing the issues.
With the current SP, and the prices we’ve been able to buy at I think a lot of the risk has been taken off the table anyway. For a retail investor when looking at the performance charts and reading the tabloids about Russia, sanctions etc it just screams RISK.
Once Ii’s are allowed to buy without the negative “look” of buying Anything associated with Russia (so they don’t look like they’re being unethical) then this SP will rocket, especially as most of them are sitting in high averages.
All my opinion, not giving you financial advice……