RE: Nervous wait for results2 Mar 2017 17:58
I had envisaged some sort of mini bounce/recovery from the mid 50s level, but here we are even lower (think a new low was hit yet again today). 51.75 close and every day seems to bring more of the same - not even a hint of blue for as long as I can recall. think sentiment totally nosedived after that last loss of contract when the price was in the low 70s, so basically another 30% off from there now.
I think the CEO should go - presided over an enormous loss of shareholder value. two trading days until the results on the 7th. if there is yet more bad news then I envisage high 30s/low 40s, which would equate to another 20% knocked off from here. I wouldn't put it past Armitage to come out with yet more dire news/forecasts.
IF there is some good news on the horizon then I see it bouncing back pretty sharply - 70/80 in the weeks post results potentially?
the BoD inspire no confidence going forward though - surprised if the IIs haven't been agitating for change in the background.