the beauty of this share is that its a popular penny punt .. the average penny punter does not understand fundementals they only understand the dream i.e this share was once £2 they are now 5p. Fundementally there is no reason these will not trade on a P/E of 20 odd maybe a lot more with penny punters I cant see any reason for it to trade under 15 as its in a totally strong position, cash in bank, minimal debt .. this makes it much stronger against pears and can even wipe others out that are not in this position allowing it to claw back market share etc.
To be honest as I am at different screen today I cant remember what sector they are in small cap etc but I think its in FTSE 350 thus I believe tracker funds may have to buy in if it starts moving up sectors( I think for some tracker funds it would be compulsary) All IMHO DYOR etc etc.
Its not a gamble now its where you see value I am in for the volitility huge gains to be made trading it I reckon.
Mytravel stock quotes
Mytravel stock charts
Follow this thread
