Hibu PLC : Yellow pages in red situation
By Oscar Salza
Entry price | Target | Stop-loss | Potential |
---|---|---|---|
GBX 1.6 | GBX 0 | GBX 1.7 | +100% |
From a fundamental viewpoint, the financial situation of the company is fragile. The company recorded important losses in FY 2012, and even if for the next two years Thomson Reuters forecast a positive net income, doubts are still alive.
Technically the share has tried a recovery after a sharp fall. The bullish trend has been stopped by the short term resistance of GBp 2.18. Since mid-May the volume are increased, especially in the sell side. We forecast a return toward the mid and long term support of 1.20 GBp with a stop loss placed at 1.70 GBp.