Time to buy16 Dec 2022 08:20
These are the times when you have to take a decision. Is this business going to prospect or not? Sure, they have had, and still have, their problems, however debt has been the killer here and that is reducing. I hear some of you saying what happened to the rights monies and it's a fair question however the company continues to gain contracts and continues to reduce debt. is 25p good value? In my view yes. So, I am in for 90k from earlier in the week. Time to walk away from the markets for a bit as it is very volatile but upside against downside is nailed on. Its just a question of time. Certainly out of favour with the city but not really surprising to be fair.
DYOR and all that but I personally feel this is cheap and there is plenty of potential to get back into the 40s which, historically, is still massively cheap.