Friday’s rns25 Mar 2021 20:25
The mket has been rough lately. People’s investments are down. Will people consider jumping in to senx on the back of a good rns?
Stocks are suffering big drops following releasing end of year results. People are weary and many in panic mode; however, good results are expected from Senx tomorrow which could catch the attention of the masses and with many new investors, some jumping ship or simply using the last of their isa allowances, the volume could blow the roof off and rapidly clear the seller, paving the way for a sustained rise in to next week. Then, there is the new isa allowance bringing fresh money in to the market, by which time Senx could be well and truly on the radar for those looking to invest further or to those who didn’t have funds available to invest prior.
The right rns, delivered in the right way followed by an excellent presentation could see the share price heading for double digits in the near future.
I for one would be happy with the sp being over 5p by next Friday but if there are bells and whistles on the rns who knows!