RE: What is going on with SP?11 Jun 2020 17:45
Not sure if I am wise but these are my thoughts. I bought in at 40+ but have been accumulating as the price has dropped, average holding price is about 27p. At the current share price, the company value just reflects the Cash they have in the bank. The share price does not reflect the value of the business i.e. the reserves, revenue and profit. It is just a matter of time before this stock goes up. For example what are they going to do with the cash? Probably buy more companies and grow the company. Sentiment is low due to the gas price, but if they play their cards right, this could be a 10 bagger in a few years easily. I am in for the long term, however if you look at the chart, there is an indication of a short term uptick as well.