RE: Was i the only one who expected a bounce after this mornings sell off....8 Sep 2022 19:39
This is an interesting company. On news of a takeover, the SP goes well over £5. On news of no takeover, the SP slumps by almost 35%. Yet, the fundamentals for the company are very good. The SP a year ago was over £10, yet with inmproved results and current y/e into profit the SP is just over £3. Projections for next year indicate even better growth and profit. This share is easily worth £5+, otherwise, why would TB approach for a takeover in the first place. Just managed to get in with an average price of £3.37 and looking forward to the next few weeks.