RE: Large buys30 Nov 2022 22:52
Yes, and during Covid people made a lot of money buying dip created. I remember it too well - specially strong companies like KETL
The ps is below 2020/21 Covid levels, that's the issue here. In fact by 50% or there about.
The china element is on the rader for weeks now, and that was already priced in. It is not more significant now. They already have back up plan as syou can see from RNS
And Billi the recent takeover is not impacted by China. That's new revenue stream ASAP.
Let's see, this could easily steady up over 100p, and be 200p be mid next year. China will certainly be over by then, so short term dip - does not matter how you cut it. IMHO
Let' see.