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Interest rates go up Thursday so even a better return cash in the bank. 1 year fix will get you 5.5 percent next week. BP offers 4.6 percent and most likely a drop down to £4 a share in the next couple of quarters.
Interest rates need to go higher unfortunately and will most likely Lead to a recession. However I don’t think this will affect Asos share price negatively as investors need to position themselves sharpish or they will lose out. Worst scenario at this stage is a takeover around 1 billion which would give investors about £9 per share. So I agree £7-8 is very possible in the coming weeks.
Could you image £33.60 fair value. This is the most undervalued company on the FTSE at the moment.
https://www.youtube.com/watch?v=PQooGxgm0bU
Sorry Bp if you want a option on the take over just look at bpd produced from both companies and then the price that will be paid including the debt and Considering talos does not pay a dividend it just gives something else for harbour to pay off for the next few years what do you think?