RE: Fool Article11 Aug 2019 14:52
The way I look at it;
- nothing illegal has been done by BUR and all accounts audited and approved
- certain elements of the accounts can’t lie, cash, you can’t manipulate certain elements, hence share is still over £8.
- clearly from the accounts plenty of cash in bank - again this is simple and unambiguous imo
- revenue increases and company growing and making money - again fact, and can’t be manipulated
- no new news, no real illegal actions
- plenty of new traders coming out of the woodwork to drive the price back down on fear to make a few quid next week just re hashing MW reports
- Gotham according to Bloomberg don’t seem too critical of BUR
Hold and wait it out IMO and ignore the traders and shorters as it’s only those at real work this weekend
Make what you will of that
GL