Share Price15 Mar 2018 20:48
There is no way this SP should be drifting IMHO. The market often gets it wrong, and the fundamentals combined with future confirmed projects are very strong factors. MWJ's planned retirement was announced a long time ago, and we were given very clear reasons for his actions and for the one-trade sale of 50% of his shareholding. Companies of this strength can readily absorb changes in top personnel, and the style and traditions of a very successful outfit will stay intact once a successor is appointed and announced. This happens all the time with FTSE companies without a quiver to the SP, and I am very confident that the Coventry project will become another substantial step in the right direction for this very progressive outfit. Also, when announced, the interim dividend for this June will be an interesting benchmark for PIs. I am genuinely surprised at the current SP, and regard it as a definite buying opportunity once funds become available. GLA investors here!