Assuming it doesn't make the politicians nervous and see a sudden reimposition of draconain COVID-19 restrictions, is the forthcoming 19 July 2021 UK 'Freedom Day' and hence removal of most if not all inhibitors to normal trading fully priced into UMG?
The UK is more important to the company than hermit-like Australia with our pessimistic, overblown, sensationalist (and in Dr Jeanette Young's case, dangerously untruthful) CHOs and politicians who instead of weighing up various inputs stupidly allow these health bureaucrats to dominate. The huge cost of economic and social restrictions far exceeds any health disbenefits from this coronavirus.
UMG Price at posting:
$4.43 Sentiment: Hold Disclosure: Held