Results Next Week25 Jul 2020 01:13
Since rumours started circulating about a bid for the company about 3 weeks ago (and indeed for a couple of weeks before that) the share price has been very strong and any downward pressure on the price has been quickly bought into. Results next week, so more upward momentum likely on Monday and Tuesday before results day. Dividend likely to be maintained as it was back in April. So a sporting chance of being back at 300p by the end of next week. Not really a fashionable stock for private investors as the silence on this Board will testify to, but as a well run company doing all the right things which is a defensive stock in this pandemic era it should be the first company written on a PI's Portfolio teamsheet every week IMO. Let's hope that remains the case after Wednesday!