phytochrome29 Jul 2010 11:19
I think observing is the safest strategy at the moment, even though this could drift back towards 200p before results. If it does rebound at all from the current level, I actually think it is possible for there to be another drop on the results, especially if the net profit level fell below £10mill, although that negativity could be offset, at least by some extent, by disclosure of details of recent contract wins, such as those announced yesterday with the likes of Danone and Unilever, and the other arrangements that are in the final stages of negotiations with global multinational F&B companies. Basically sit back, relax, and await further developments, both in newsflow and SP movements.
O/T but what would you say is the best short-term oil play around atm??? And dont worry, I will DMOR! ATB