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£3 is the ceiling i feel for this share.
its been a long long time since it touched it
that coupled with a reasonable dividend makes it a safe albeit unexciting place to park cash
err because of capital appreciation
This share was 921p in May 2021
277p not even 18mths later
Let that sink it
The decline goes far beyond the general market issues
Gilts can default and the UK has defaulted in the past, most notably the War Loans where the coupon was reduced from what was originally advertised.
No one is buying our junk anymore (except the BOE)
I've said it before and I'll reiterate it here: fair value for this share is around £2.50.
It'll likely reach that before year out despite the rampers claiming otherwise.
Agreed that people do still go on holiday, we tend to find a way no matter what
But a recession is still a recession so we can't ignore the impact of an economic slowdown/contraction on all businesses
There's plenty of consumer demand for flights, its unfortunate the industry hasn't be able to ramp up in response quick enough
Long term I'm positive for this company and industry but I think the lows aren't in yet
My target of 250p still stands
Fair value seems to be around 220p
How much longer will the apologists defend this company and its management