Overvalued?12 Jan 2017 18:45
Apparently our recent falls are due to Brexit concerns, and then today Macquarie have downgraded their target price to 295p due to an impending Gov. decision on the interest rate used to calculate discounts applied to personal injury compensation claims. If the rate is set below1.5% they claim it could cost the company £90million.
All a bit over my head to understand, decision due end of Jan, so assume a drift down until then, followed by a heavy fall or big bounce, depending on the rate set.