RE: Institutional Investors24 Jun 2026 09:09
These days I tend to just follow market trends, end of the day there are lot's of good companies sitting at ridiculously low valuations and vice versa, some real dogs that are very overpriced.
You could drive yourself mad trying to fathom out the reasons behind it.
Right now my personal view is that somewhere around 600p is fair value, looking at near term potential a reasonable bid would be 700p, there should be a small premium if they want it. Longer term doesn't really interest me, i'm only playing this game for a few more months then cashing everything in.
It's a good solid company run by grey men in grey suits, just about as low risk as it gets for an airline considering the assets.