RE: SP rise & fall2 Mar 2021 18:17
In my view journey from here to 320 is will be quick. It should settle around there for some time. This figure is about 20% below pre Covid. If you see the good recovery st oks are trading just about 20% below pre Covid. TUI is around 440, which is 20% below its pre Covid price of 550. Same for some other good airlines too. It’s still a good time to get in and get a bargain. What can derail this is if any question marks on pandemic recovery. Right now the vaccine seems to be working well. Supply of vaccines is getting better and it’s seen that if the vaccine supply is not constrained then a large percent of population can be very quickly inoculated. It’s also said just 50% vaccination is sufficient to end the pandemic and we are fast moving in that direction.
Long terms it will be £4 or £5 but even that ‘long term’ is may be just couple of years away as normalcy reruns back. IMHO. DYOR