DOWDING & MILLS. The Recovery Starts Here.

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boadicea - Thu, 01 Jan 04 :

Thanks, particularly to SLL, for constructive contributions.

I note that the price has a definite sticking point at 10p. This seems to imply either that a seller appears whenever 10p is approached, thereby holding it down; or that every so often a buyer appears willing to pay no more than that amount and pulling it up until his appetite is (temporarily) satisfied. I fear it may be the former.
Other views/explanations?

On the investment front, I remain of the opinion that this has significant recovery potential given incisive management, which I hope we now have. It may be a slow grind from the depleted capital base, but I expect a reasonable if not spectacular reward on a 3-year view, imho.


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