Oversold, initial price target 215p28 Oct 2019 21:16
was just looking at the numbers this evening, we all know (or many of us) this is well oversold, cash flow generation is still good, ok the dividend may not be fully covered from free cash flow but the decline in SP is ovedone. If broker forcasts of -25% for next years accounts are true, we should be at around £2.15 not 169p, therefore even it the accounts are as bad as forecast, we could see the SP increase to £2.15 if they are better than forecast -- we could see further upside, I can see a modest dividend cut, but not much more than that......
A buy by my rating and i probably will
A fantastic FCF yield at this price and if political uncertainty resolved a great opportunity...
dyor