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Went so low even though business was operating as usual but spirit energy stake was written off by the market. Now they don’t want to re-rate........really don’t believe in demand / supply in this market. During a lockdown......you want to sell everything but utility and telecom. Guess what both are still down.
Divi killed us, made us a short target and also increase selling off by income funds once divi was cancelled. No more divi needed.......we want green energy hype! We want growth, growth, growth. Income investors are weak.........same reason why high divi stocks never multibag!
It’s on sale, you buying or not? Future is bright for this company. Don’t trade it, just buy and add until say 50p or a takeover.
RMM is boring as hell......long term play.
Toli,
The market is sick indeed, airlines and hotels are up big time from lows yet they bleed cash and have raised so much cash from the market. Both sectors have borrowed more cash too while Centrica have managed to generate cash from sale of a business while still in business that is essential. Oil is back to pre covid level too. The SP crashes on bad news but ignores good news!