RE: SIG will recover24 Sep 2020 20:10
I understand your gripes @Westh1. I know it's still loss making but the company is now valued at £285 million. This is about 15-20% of annual revenues. There is clear scope for a re-rate here given this 1.5-2 billion revenues and narrowing of losses. No going concern issues, unlike a lot of companies at the moment. Just need to stay patient. I think a trading range between 23 - 30 pence for the next couple of months and then up to 50-60 pence early next year. a £600 million market cap is clearly achievable once profitability returns. A macro environment like February to July 2020 will hopefully never be seen again in my life time. Obviously a lot of people jumping ship but IMO the ship is turning and in my experience that is the best time to buy recovery shares!