RE: MA's13 Jun 2018 14:51
I really think there could be something wrong that we can't see here. The big trades are the in-the-know institutions piling out. I am not saying this to be unhelpful, rather just to present the other argument to what is an obvious bullish case. For it to be trading on such a low multiple of cash at the bank, and a very low multiple of even the revised earnings is both worrying and incredibly enticing. You would have thought the 40% drop would snap back at least to 120-130p, but people seem ready to take this case. I, for one, couldn't afford the potential slide to 80p but am an interested spectator wishing you folks good luck on this one as would like to see it turn back.