RE: The oracle that is safestocks has posted1 Nov 2024 11:45
A few private investors sold out, no funds, that's why the volume of trades was still relatively small. Stifel and Peel Hunt still have 'BUY' recommendations on SEE. Moreover, Peel Hunt's rationale for a downgrade was weak, particularly as demand for DMS is hot according to PM -- who would not lie about that.
PM said in the Investor Meet presentation: "We are currently processing RFQs for OEMS based in Japan, Korea, Europe, China and North America. The vehicles associated with those RFQs are largely for Europe, Japan and North America and would have start of production timing between 2027 and 2029. And we expect the sourcing of these programmes to begin in 2025 calendar year.”
At the end of the day, it's a judgement call based on research/experience. Nothing is guaranteed in life and I respect those who sell and are honest about it. What I find disappointing is people who say they've sold sticking around to be negative without any input into research. Traders are also coming to try and make a quick buck with pointless posts.