RE: Back to 66p13 Aug 2020 11:04
The problem is the SP went far too quickly from 66p to nearly £2.40 on the hope the virus will be gone after lockdown and we will not have a second wave, let alone a second lockdown.
The SP must now reflect both the latter happening, until proven otherwise.
Quite simply, even if there are mass vaccinations by spring, we will not be back to pre covid levels until at least the end of 2021. Added to that is the fact this company operates abroad and therefore needs to see mass vaccinations in all the countries it operates in, something that is more likely to happen later in 2022. In other words, we will be seeing profit warnings in 2022 and these will be blamed on factors abroad.