On the contrary, many investors will see this as a good chance to decrease position or get out with decent price near 9EUR.
Two main reasons:
- The construction sector is expected to decline next year or two
- As we have seen this spring , the conservative dividend policy is back (last time proposed 0.60EUR per share) and due recession may get tightened more or even skipped again on 2021
Without unprecedented good news I suspect we visit price near 8EUR again or even below in next few months.
This stock is trading already higher than 1 year ago and the potential slowdown of construction sector in near future is yet to come.
Although I'm not planning to sell out position yet, it's worth to be a very cautios. Market is currently wild and in the short-term anything can happen with the price. In the long-term it's one of the best stocks to own on Nasdaq Baltic.