RE: False dawn27 Jun 2024 21:24
Smokey
It’s all about the 50p figure as you said. If it holds then fantastic but these markets are brutal and don’t care about us small investors. They have brought the company down from £12,00 highs to lows of 45p!. Long term holders have been totally shafted even with dividends factored in. That said any positive news would be a perfect catalyst however if we fall below 50p you couldn’t rule out new lows even though it don’t deserve it. Rolls Royce was getting battered by analysts at 65p and now nearly £5,00. The same analysts are now saying it’s undervalued!. We need to buy when we are comfortable and hold for the long term because like Rolls Royce who have a product that will be needed for decades we have a service that will only see demand grow. Any buying at these levels will get a bargain if they are prepared for long term gain. Short term is anyone’s guess