RE: Share price8 Jan 2025 17:52
If I knew the answer to that question, I would be able to buy a small nation state. Or at least a bunch of politicians, lol.
I have never really had a good read/feel for this one, but theoretically, 154p-ish looks like an area that might get a bounce. Then 147p-ish. Technicals, not fundamentals. Which might not play out, of course.
Continuing with my attempts to read the tea leaves (!), tomorrow might see a return to 165p or so, but I do not think the bottom is anywhere near in, sorry.
As for the price action today: Nothing company-specific IMO. Simply following the wider markets down, due to a lot of institutional selling, most likely.
No idea about whether or not there are factory closures and redundancies in the pipeline here or this sector more generally.
I would be fairly staggered if this was not going to happen, but I thought the wheels would have already fallen off the stock market before now, so what do I know? ATB mate.