Pray for vultures...25 Feb 2021 09:43
Unfortunately, Less than market expected losses did not materialise, in fact we saw the opposite! All things considered the stock in my opinion is a fair reflection of where the strategy is currently at and relative to broader macrolevel events. I’m still bullish, and for long time holders there should be a gradual increase as we point towards profitability… Albeit that might not be until 2024!
The loans book looks strong and so if we needed to raise fresh capital that’s clearly a further avenue to exploit.
I think it likely that we will see gradual gains as the UK moves forward with its economic recovery. However anyone looking for a quick buck should sit and pray that the vultures to circle back round...
All the best