RE: Profit2 Aug 2024 11:09
What did i say yesterday; watch out for the suckers rally prior to results , as happened in March. Yesterday SP was mid to high 19's, now we are entering the 17's. That's how the MM's, algo's, shorters make their money. The SP is just a vehicle for them to abuse, and has little to do with the underlying company or it's performance.
How low will they take it before moving it north? Anyone's guess! My best? 16.5+/-
Watch the webcast. Then, decide where the company is going. Then buy some shares (or not) and tuck them away until this time next year. Or, go to the horse races for instant results.....
Sorry to be so direct, but some folks on here can't see the differance between what they want to happen and what is likely. Talk of dividends and buybacks? Give over, Capita is years from that, if at all....