RE: Here we go ...another17 Aug 2021 14:22
We all know how volatile this share is , 87 p on 5th July, 62 p 4th August, but looking at it even though it reached 87 p again in July, it was just a high in a continuous downward trend.
Yes hopefully it will recover over time, but with ongoing barriers such as shorters, cineplex case, lingering covid uncertainty going into the winter, and now the Taliban about to takeover the middle East, without a short squeeze or possible listing in the US, its going to take sustained recovery over time to give MMs justification to change this downward trend.
Some say 1.50 - 2.00 by 2022, but 40-60 is just as possible also.
I personally feel that it was the vaccine announcements in November that started that upward trend all the way through Xmas lockdown etc, but then as soon as the delta variant became an issue in March, it reversed and covid is the underlying problem/worry with these types of leisure and travel stocks.