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A very overcooked drop that smashed many stop losses.
A nice steady rise after the rns should be on the cards.
Way to good an opportunity at this price
A gift from the man above! I reckon this will be fives by lunch!
I bought in yesterday. I think this will follow the normal trend IMO. For example, look at JD sports, WOSG, AAL, all established FTSE Companies. They fell off a cliff on profit warnings and then drifted lower and lower. This may be the case with YOU so better to keep some powder dry if that is the case.
We can never time the bottom but once you're in, it's about patience.
It is difficult but looking at the five year chart you have to assume 450 is as good as the bottom and rightly so it bounced off it. How hard time will tell but seems steady so far with most seizing the opportunity.
I know GB1, but this is so unpredictable. Look at the charts for WOSG, JD, AAL etc, they all dropped and drifted and then gradually came back after a few months. This will turn, given the fundamentals but it won't be today, next week but over the next few weeks and months.
1-2 year investment, i concur.
Yeah think broker downgrades will keep a lid on things for a bit. I note HSBC moved to £3.70 target price, so food for thought with big discrepancies in broker targets (although is generally the case across most shares). I started a modest position at 4.50-460 and see how things pan out from here. May add if see some stabilisation here.
I wonder if Glg have closed their short yet.
Absolutely broken broker. An investment, I hope we do not see a spike type of movement.
The short has not been closed yet, they will not close it straightaway but will decide maybe when the full results come out. This price range may be stable or it may go lower imo but see this as an investment.
They will have to close it soon if they haven't, none on thin ice!!! This has bottomed out so optimal time to buy out.
GB1, I’m more impressed with your share portfolio given the number of shares you contribute to and the boards you chat on. Must be raking it in!
Dont disagree with you @theAccountant regarding the likely direction of price action over the coming weeks/ months and its a tough call. The nature/ trigger of the AAL/ WOSG drops was rather company specific so not necessarily comparable per se. That being said, the sheer scale of YOU management having got it so wrong at the end of March and the amount of egg on their face just two months on raises serious questions about them and the market is frankly in the dark about the direction of travel of their core (ex Gfk) sales, except that theyre headed down. H1 research and data sales were down ~2% YoY, but my (and the market's) read from their positive comments about Q2 orders was that they were turning the corner. That has clearly not materialised, so what we get is the trifecta from hell (a) a company with declining revenues for the first time in its history, which means (b) they miss their numbers and all projections can be scrapped and (c) their previously high flying growth multiples are also going to be history. Add to that that, the management has blown any credibility with investors by having portrayed strong H2 sales visibility and not delivering and I think this stock is going to drift/ deteriorate until a positive catalyst comes through. I also suspect the board must be seriously considering management changes at this point.
This is the type of stock that can make very sharp moves up or down due to their low number of issued shares - Just over 115 million. So any future news on AI progress for instance or any other improvement will take the SP up by increments of £1. So IMO the recovery could be very fast as soon as things start to improve - thus why one has to take a position right now for any long termer.