A Slightly optimistic view...5 Jun 2020 11:13
This share is way oversold at 3.30 let alone 2.50.
However, one positive of this is that it's vast decline is going to bring investors back to the share that were not going to invest at 3.50. - If we can build out a stronger base of investors and then get this back to 350 it should continue to rise from there.
We have lots of good news coming and June is the first month with full capacity of 10m, so hoping for a good £70m worth of sales, not including the new product launches.
What management need to do is look at new ways to sustain this level of revenue past 2021/2022, this will likely be non-covid stuff but that diversity will really drive the p/e ratio and that's when we could see the share price at £7