RE: 50p14 Nov 2020 16:59
Been there, done that back in June. 50P is a fair value. Anything beyond 50P will be determined by how much they get for ESS. If they don't get what they are anticipating, 450mil (capita said they could get up to 500mil but deep down they know they can't get 500mil), the usual premature market reaction will possibly bash it back down to 40P range. But with the new contract line up from this year and debt paid up with the sale of ESS, if you hold it a bit longer terms, this should be sitting comfortably between 60-80P range at worst.