RE: Target Price23 Jun 2022 10:17
@survey.
Good reasonable post, and nicely put (if i may say) unlike some on here.
I'm similar to you. I have 48K shares at average (purchase price) of 44p. Bought some 2 years ok, when price was dropping through the 40p range down to 30p.
So, it's been here before!!
This share IMO is totally dependant upon the court case. It's extremely difficult to overturn a judicial order, so i think the hill is very upward sloping. Hence current price.
Attendance levels are mainly irrelevant here, currently.
If, big if, they can reduce the award (little chance of overcoming it) to a meaningful extent, then this (currently) very risky share, may recover it's poise.
I have a target of top-slicing at £1.25, and upwards from there. Fortunately I took some out when we breached £1.20 a year or so ago.
Hopefully we will both be successful with our endeavours.
As an aside, i do think the market has a big question mark over Mooky's management style. Not a good look to have successive court cases, which is down to management's methods.