RE: Berenberk13 Oct 2020 13:16
He been at Berenberg for 6mnths, enough time to comfy. Now I assuming they are not partial to any more info than us, as Im sure that would constitute insider trading, then a collective group of PI's who do have followed this share every hour of every day for years would most probably have a better idea of valuation than someone who is probably not invested and does this as a day job. I am not ignorant to believe a brokers note makes no difference at all to the SP, of course it does in the short term..but only in sentiment...most LTH who have followed this share firmly believe we are still significantly under valued.
I always think back to Tesla, when less than a year ago it was shorted to death...I mean how can a company with no profits be valued more than FORD or GM?, Broker targets were out there with many suggesting it would go to $30 per share, the SP took a dive but the shrewder investors filled their boots because they knew the company was leagues ahead with their product and it was only a matter of time before profits were realised..its very much the same here..one just needs to look beyond daily/weekly SP movement and instead focus on the bigger picture.