RE: Time to buy10 Jun 2021 20:20
Maybe they find the potential for a quicker profit elsewhere. Although Clinigen flags up a 12% reduction in anticipated profits this financial year, they still expect to show a profit of around £115 mil. This is a long way from being a failing Business. If you believe that COVID will at some point be under control, which will in turn allow societies and hospitals to return to near normal functioning, you will believe that this business retains the potential to resume year on year growth. A 30% reduction in valuation so far, on the back of this projected fall of 12% profit this year is in my view an extreme market response. Just a personal view