RE: Billy14 May 2018 13:27
It's a hard one mate... 3 potential supports I see are roughly 200p, 150p and 75p (there or thereabouts) If there was a big market crash in general then it could get to 75p, but it would need to be something big like Israel starting a war with Iran, the USA and Russia getting involved... i.e WW3
But I could see 150p if no market crash and if nothing spectacular comes out RNS wise, like a bid/hostile takeover. Might be worth 3 tranches, 1@ 200p 1 @ 150p and 1 @ 75p if it got there.
But you'd need to be willing to sit on a loss for a while if it sticks two fingers up to the 1st and second tranche. It would be a proper long term hold, no trading... just holding for either buy out or much higher price potentially over years. I just think it could potentially out perform the market given time. Obviously I wouldn't chuck the kitchen sink at it.