RE: align buy14 Aug 2019 09:59
With the likes of Crispin Odey short here, during the summer doldrums the short pack have been able to make hay. We expect this period is now coming to and end (as with the real hay making period!) as the swing to the value end of the spectrum has become extreme. Our first target here is 500p back to the placing price and as with the price move in late May post the placing that took the stock up to near 900p from the mid 4’s in the preceding weeks, we expect the rally to be extremely sharp. Buy.