125million vaccination shots pledged in Europe. I suspect:
1. A number of large investors may have got their fill and and are now happy for it to fly. A sharp push down as we've had can sometimes be an attempt to trigger stop losses. 2. The vaccination announcement was a convenient trigger but if 1. is correct then something else would have come along at some point.
This is all pure speculation but I'd be lying if I said I wasn't expecting something like this. My only concerns are:
1. whether they're still getting decent cashflow 2. whether the recent property sales are within shouting distance of book value and 3. if any revaluation doesn't crash the NTA too hard
Possible strife with debt if any bad news in those areas otherwise I suspect we're off to the races.
URW Price at posting:
$4.62 Sentiment: Hold Disclosure: Held
