RE: Dispassionate look at PM21 Jul 2023 11:12
Extract of a posters recent remaks ( not picking on the poster)
< " ...the market doesn't seem overly impressed with the current situation.." >
But this type of comment always amazes me, in that it ascribes some form of reasoning/ rational to the market or should I say MM's, almost as if its an "all seeing, all knowing" high calibre analyist weighing all data, propects and factors bhind the company inquestion or an analytical machine / specialist investment over lord.
Its much cruder...
As Warren says its a :- "...In the short run, the market is a voting machine but in the long run, it is a weighing machine"
RIGHT NOW ITS A FICKLE SENTIMENT DRIVEN VOTING MACHINE
( dare I say as fickle as some people I know and as impatient as many I know)
None of that really gives rise to a meaningful SP at present , based on the company fundementals, which incidentally I think are only just about to emerge in the next explosive RNS!!