Road to recovery17 Jun 2021 10:12
Clearly this is a recovery play, a rerate is overdue and we remain undervalued.
It’s a classic cliche but stocks never go up in straight lines. They get traded by pumpers, sold for 20% profits, drop back and test support levels. This is all standard stuff.
But there is no getting away from the fact the tide has now turned and people are looking up.
We do need news. Some clarity as to where we are up to now six months into 2021. I am not on board with the CEO forgoing progress updates because they wouldn’t have big news. Most other companies provide progress updates at stages to keep comms moving.
I believe we are awaiting some excellent updates on a number of fronts. But if they’re going to be another 6-8wks in the making whilst we move things along with our partners then we MUST provide progress updates elsewhere in the meantime in my view.
I’ll be stressing this in my next catch up with Mgmt.