RE: Surprised22 Jan 2025 18:35
No share goes up in a straight line, this is just expected. The company also operates in an unloved sector, and oil is now below $80 ($78.60).
A month ago the shares were in the £1.30's, so they are heading in the right direction.
The fundementals are great for this company which also has a low PE, benefits from a good management team, and pays a market leading yield. The yield currently is around 15% and if an institution was offering a cash savings account with that yield, it would be headlines in the finance papers for weeks! As an investor it ticks all my boxes, and I have held many different shares but nothing has come close to the income I have received from this company.
I was most impressed with their presentation yesterday and ambition to grow the business.
As we all should know, when investing in the stock market, you need to do your own homework and when the market is excessively negative, buy the shares when the herd are selling theirs. This strategy has always worked well for me anyway! Time will tell, but as the Serica management stated yesterday - 2025 will be interesting and I certainly want to stay with this company.