realistic16 Jan 2021 08:03
i have followed bab**** shares for a while never actually buying any, looking at the numbers and the plan going forward, from this price all looks positive, thats not to say it wont drop another 10% but im willing to take the 10% drop vs a very large upside. some say 200%, personally i dont see that anytime soon.
yesterdays announcement about accounting is not great but i feel that people have read far too much into it. a company this size should be on top of there figures but with all the up and down happening at present its no wonder why they would hold back. i think this is a bold move rather tham promising the world and not delivering i feel the quality investors will slowly feed in at this price and then when decent numbers are announced in may then we will all see a good return.
being realistic from £2.20 a share i can see it slowly creep up over then next few weeks and sit around £2.50 which is still a decent 14% rise. then a major catalyst will take this to £3. possibly more. but i think we have to be realistic that it will swing up and down but this is a massive company, no where near as much debt as most other companys thast sp is going up, they are making money during all of this.
as a side note im happy to be in the defensive sector esp at this time as we could see a lot of friction arise in the coming months.