That's called capitulation, and unfortunately many will sell on this when in fact this will probably prove to be closer to the bottom than the top over the next 6-24months
RE: Great Opportunity to buy at these levels!10 May 2023 14:02
It is pain but only short term. Things will get better and looking back in time it is days like this where people will wish they bought or bought more if they could.
RE: Great Opportunity to buy at these levels!10 May 2023 13:16
Well I'm not buying for today's results, I'm buying for the change and the future results of cashflow positive/profit It's a crazy SP and must be a takeover target at these levels.
I'd get that if this share was currently at £20-30 but it's not, it's priced like it's going down and the turn around plan isnt working. It is working. Bargain.
To return to profitibility in H2 and the measures they are taking and the confidence whilst in this market not to mention any improvement for a market cap of £635 million ish, very happy with the risk/reward. They are improving and they are out of the rut returning to cash generation. I'd rather be in now and await better times.
Decent. No fundraising required. Still plenty of capital and extended terms. Over £300million cost savings still on schedule and very positive to be back cash generative in H2. Very good :)