RE: Sooner or Later19 Dec 2024 12:50
Good post Spadey.
Once profits are announced and dividends start being paid, which should be in the not too distant future, the scope for manipulating the SP will be more or less gone. At the moment, all it takes is some uninformed analyst writing a gloomy article, or an informed analyst willfully misrepresenting the fundamentals of the business for the SP to make wild swings based on absolutely nothing. As ever, if we do our own research and trust our own judgment, we'll get through this period of market manipulation and will start to cash in.
Other than the company I used to work for and hold a significant stake, I've read more about GGP than any other and I'm confident that the SP and dividends will come good for the long term. We've just got to put up with regular derampers in the meantime, and if we have the means we should be taking advantage. I feel sorry for those that will need to draw down their stake in the short term because it seems likely to stay volatile for quite some time until profits are declared.