RE: Shares to buy now....11 Nov 2020 11:05
This will bounce absolutely, I also do not think there is much more bottom side, the vaccine news though fantastic does not really harm BOO sales, absolutely they have benefitted from Covid as the high street was closed down, but at same time BOO was growing and growing very fast and the sales will continue to grow.
BOO has much bigger issues and soon we shall be two months on from the last results, that means in less than two months we will get trading update, auditor news, factory news, earnings report, more large RNS buy ins and as such I believe 100% that 400p will be seen again within 3-6 months. But I do think the hopes of 500-600 are now much further away and probably more like 2022/3 and am sure that will happen so management can get their bonus.
The upside potential now is very good, if this drops any more then were talking a bottom of 220-240p which from these levels is nothing major, whereas an upside of 350-400p is very nice.
Regarding vaccine plays well it is now know the market and the world should be back to normal come Spring 2021 and Astra Zeneca will no doubt post very positive news regarding vaccine in next few days also, could damage the SP here but will boost SP further in events, travel and hospitality stocks.
I believe one of the biggest gainers and tip offs has to be HYVE GROUP, it is off peoples radars and after share consolidation was 300-350p levels pre lock down, it dropped to 60p levels and is currently at 85p, I think short term this can move to 150-200p and by end of next year should be at 300p considering during lock down they have cut cost making themselves a leaner business and they have cash in the bank to survive until 2023 if the pandemic was to continue which now clearly is not the case, come Summer 2021 Covid will be a distant memory. So think HYVE is a multi bagger! Any thoughts?