RE: vote done10 Sep 2020 12:50
We highlighted a couple of weeks back that the board can't rely on disparaging JB as a tactic to win the vote. That they are likely to make an RNS showing light at the end of the tunnel. It does feel a likely win/win in terms of positive noises going forward. It will be very difficult for JB to win I believe as so many PI's will not get organised and do the basics and vote. That aside, this is going to be volatile at the end of the month so strap in. the drop from 20p to 11.5p late Friday into Monday last on not a lot of news, is a taster. post 29th September. There is bound to be shakeout regardless of outcome as the vote will be close and open to interpretation as a positive or negative. Lots of buyers and sellers depending on your camp. You can either sell and buy back in or just sit on it depending on which way the vote goes. Either way, I think by December, the volatility will be a distant memory as the SP recovers in line with the turnaround.