The Q3 results on 05.11.20 will most likely deliver good results. However I think it wont help much to lift the price.
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:
Without unprecedented good news I suspect we visit price near 8EUR again or even below in next few months.
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.