Tradefair & Financials
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Anyone any opinions on whether they've maybe been a bit oversold?
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No rush at all IMO.
The fall in the market cap is about £14 billion (12%) But the market has been a bit weak anyway so call that £9 billion (8%) Maybe the cleanup and compensation costs will be about £4 billion. So looks like a slight overreaction by about 4%, but you also have to consider the reputational damage. I think you shoudlk be looking for 540p before you start to think it is a big overeation enough to buy. |