Damn, below 5.50 she goes :ohmy: chart doesn't look great.
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Damn, below 5.50 she goes :ohmy: chart doesn't look great.
Had a very busy day and not even had time to look at RYM result in any depth at all. I see despite the very modest 12% increase in underlying profit, again undershooting their stated medium term target of 15% growth per annum, RYM at least in shareholders eyes can do no wrong and it gets to keep its market darling status despite growing considerably slower than SUM.
As a numbers man I believe eventually sentiment is less powerful than earnings and eventually the market will wake up to the numbers and growth SUM is generating and this old wives tale nonsense of it must trade at 40-60% of RYM will be confined to the annuals of folklore history where it belongs. I can't tell you which month or year this will happen, but if SUM keeps posting better growth numbers eventually the gap between the companies will close. I am in for the long haul with this one so as far as I am concerned whether this happens this decade or next it matters little to me other than it will happen as eventually the share price of all companies follows earnings per share.
Others will continue to cling to their theories on relative price and point to years of evidence to justify their opinion and that's fine.
I am not buying more and neither am I selling.
The thing is Beagle the Couta Theorum is iron clad and time proven, your hopes are not. PS - Is hope really a strategy.