time horizon27 Jul 2020 12:15
I think Appleby (big investor posts on here occasionally) had the right idea on this share. Buy it, forget about it for 6months and look at it again and you will be pleasantly surprised. SHI have new mgt, a revitalised mgt team, a clear plan and a shed load of cash. They operate in a sector that is getting busy, and will have indirect Govt support. Whats not to like?
There will be investors that took up their allocation hoping for a quick profit and got themselves overextended here (I know. I am one). They will either have to sell some shares to get back to their comfort level, or just sit tight feeling a bit uncomfortable (thats me). Medium term, (6-12 months) the world knows this will not go bust and we will be rewarded for patience
Even UnionPacific is forcasting a 16% return from here with his takeover talk (nonsense I believe) at 35p lol..So close your eyes to short term prices...Its just noise. I have set an alert for 42p.....NOT ADVICE...just my opinion and I know nothing at all