RE: Am happy with 300p note I posted8 Jul 2022 13:22
No worry onedb
most of there gurus have already sold for a few % profit, ready to lose it on the next gamble...
In view of recent geopolitics, market sentiments and volatility, not even the expert would be able to find a low entry point.
They say "only monkey pick the bottom" and this in normal circumstances, but right now is almost impossible.
All we have to focus is the probability in mid terms for HBR to get to 600p and beyond. To do this we have to compute so many variable right now, that one can be excused if after few % profit would cash in, not something to brag about though....
Now more that anytime is the moment to invest in HBR, we have priced in extra tax from Gov. EIG financial maverick and ambiguity, and recent negative sentiments on recession. Oil is still above $100 and from these low sentiments any positive news on growth, would catapult POO to higher levels. Remember that average PE of S&P constituent is at historic lows, how much lower can it go? Is not that we are in pandemic again or credit crunch times, statistically at times of inflation share prices growth as well, not to mention the $/£ exchange for HBR.
I see sentiment on HBR are turning for the best and with some potential positive catalyst news coming, the rise may be quicker than we think.