GK2 Nov 2009 16:36
Watcha! It's extremely hard to tell. This is the lowest it's been for a long time, and it's still possible that it could go down further. At present, we don't have much idea abou the company's recent performance, but with money being so tight, they may not have done the sales, but other company's selling the same goods seem to have done quite well. By the same token, we need to see a balance sheet for the last 6 months trading. If it has been good, I doubt the SP's would be this low as the Markets would get some idea of how things are. Many people are holidaying in the UK and camping and caravaning were on a 'high' this year, but it doesn't mean to say that 'Discover' took a big slice of the market. If.....IF you had £200 to spare (or waste), then there's no reason why you shouldn't try it, and if there is good news, you win and get out quick on the spike which I doubt would be higher than 2p, then fair do's. I cannot advise, only suggest, and as always, this company, SHOULD it perform, will only show next year, late spring, early summer. Take a look at WHY, it is possible that you could do better there over the same time, but I only go on what I read in the other postings and with the minmum of research. I have a little here again, and will get out at 1.5p, maybe 2p if it ever gets that high. It's your choice here, but it's very unpredictable and wouldn't want to guide you the wrong way, because there is not enough news yet to warrant a positive gamble.