Recovery Buy18 Jul 2018 13:20
I know some will have lost out here for now but ST has backed up his comment yesterday with a recovery Buy recommendation today stating ‘MPACs shares, at £1.40, are rated on a cash adjusted 2018 PE ratio of 4, falling to 2 in 2019! Investors have severely overreacted to the warning, and I rate the shares a recovery Buy.’ Those waivering on wether to sell might be better off holding for now in my opinion. Obviously this is as long as there are no other negative updates to come! All just for info, I know there’s a lot of negativity from the original ST article but hopefully this’ll help lift the share price in the right direction! GLA