Also, tough market conditions at present, so taking that into account I would say RR is holding up well. I’m sure IAG holders would’ve expected a big uplift today. following rapid testing news, but it barely moved. Forgot to mention Brexit, a positive outcome will give the FTSE a bump - too much ambiguity at present. And still waiting on fisical news from US. Reasons to hold outweigh reasons to sell IMO.
Market sentiment will only bump up the price so much - vaccine news now priced in now. Next big bump will come from rapid testing, which is being trialed, and a removal of quarantine. Following that, we need more planes in the air and finally some good news from Warren East. GLA. DYOR.
I think we’ll be touching 150p by xmas. As I’ve said before this is holding up incredibly well today, pre RI we would of seen some serious volatility on a day like this. Anything sub 100p seems to now be the entry price.
Seen it all before. 40-50mil worth of sales that drop in after close, and share price goes up in the morning - it’s not a very accurate view. You have to also remember there are 8 billion plus shares in circulation so the vol of sales you’re referring to are merely a drop in the ocean. Mid to long term view, nothing to worry about here. Personally, I think there’s a few more big bumps on the way, and I wanna be holding when they land.