Good morning, it’s Paul here.
Estimated time of completion today: 3pm.
Update at 14:49 – today’s report is now finished.
Bregg-zit
It looks as if compromise is in the air.
FWIW, my view is that a last-minute compromise deal, or fudge of some kind, is probably the most likely outcome. That’s normal for the EU whenever there’s an apparently intractable problem.
As we saw on Friday last week, the merest sniff of a deal, triggered some spectacular large amp; mid cap rallies. Therefore, if some kind of vaguely acceptable deal is done, as now seems likely, then I imagine we could see a big recovery in bombed-out shares. That’s why I’ve remained fully invested during this tough period – because there could be some significant re-ratings, if the market starts to see the glass half full again. Maybe.
For this reason, I’m drawing up a list of bombed out, but fundamentally sound, companies, with my finger poised over the buy button.EDIT: please also see the comments section below, where we discuss small caps market despondency, and Woodford, amongst other topics.
Loungers (LON:LGRS)
Share price: 199p (price unchanged today, at 11:28)No. shares: 92.5mMarket cap: £184.1m
Trading…
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