RE: Short30 Jun 2022 12:42
Culley I'm not short mate, I've been here over a year, I'm just a realist where this is concerned.
I'm 300k shares at 32p having averaged down since December until I ran out of funds.
I've said before that the transformation needs to be proven in the fy results for this to rerate.
I don't blame anyone for shorting this because it is so predictable.
All you had to do was look at serco yesterday which was green most of the day on a rubbish day again, on the day cpi updated, to know this was going to retrace again.
I'm more down on other shares so personally I'm giving my entire portfolio until the middle of next year to recover some of my paper losses.
If CPI don't show revenue growth, debt reduction, and sustainable free cash flow by year end, the transformation hasn't worked and won't under current management.