In an earlier link poster 'age963' noted that the SP at $1.00 was: "It's back were it was on Friday."
Exactly. The SP at $1.00 is no big deal. It was a $1.10 on 4th Jan.... just 9 days ago. 2 months ago this company announced a profit downgrade of 10%. plus it lost 2 big contracts. The SP went from $2.15-$0.92... an incredible drop of almost 60%!!! So getting back to say $1.25-1.35 (WITHOUT a TO) is simply returning to where it would normally despite the uncertain and fragile mkt environment. .
Things that will change SP sharply:
Concerted buying by directors.
A fund or 2 taking a substantial holding.
A few large brokers promoting SPO as a BUY.
Ann of some contract wins.
Huge numbers of short sellers exiting stk.
IMO at least 3 of the above are likely. Most important will be the details and esp otlook statement in the interim on Feb 23. That's almost 6 weeks away. Still time to get a top up parcel imo. I'm fully loaded with zero intention of unloading any below 1.25. I have hopes we'll be at 1.50+ by full yr result in August... just on own merits i.e. I'm not buying/holding in hope of a TO which i rate as only a 30% probability. dyor and look at every angle including macro, bottom up and TA.
SPO Price at posting:
$1.03 Sentiment: Hold Disclosure: Held
