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If it’s a takeover target than sp should go up.
There’s nothing that explains why sp is even lower than it was at the peak of pandemic.
Wven IAG which is riddled with excessive debt is 50% up from last year lows while this has seen downtrend continue. Despite the good results and dividends. Wonder what will change the direction.
Possibly the factor which that’s keeping the sentiment low here is debt. But the company continues to do well with financials improving and I have no doubt this will double or triple from here in not too distant future.
Maybe instead of dividends they should do share buyback at these ridiculously low prices.
Next best things is to pay down debt instead of dividends.
Dividend declaration isn’t helping the SP.
Very difficult to make sense of share price. Results were good and revenues exceeded pre pandemic numbers. Passenger numbers continue to go up. Dividends are back and balance sheet is healthy. The other issues like strike, driver shortages are temporary. So why is this trading at a 3rd of pre pandemic market price?
Won’t sell this below £5. Happy to wait until then.