|
|
Post by rgs2001uk on Aug 5, 2021 21:50:16 GMT 7
|
|
AyG
Crazy Mango Extraordinaire
Posts: 5,871 
Likes: 4,555
|
Post by AyG on Aug 6, 2021 7:34:54 GMT 7
Just looking at the P/E ratio, it's gone from 27.7 (Dec 2019), to 37.6 (Dec 2020), to 49.7 (now). Either the company's prospects have improved significantly over the period, or it's in bubble territory. There's a case for the former view: COVID has been very kind to Croda. It's also likely that there will be an ongoing demand for mRNA vaccine raw ingredients, so the current high price could be sustainable, both from booster COVID jabs, and the application of mRNA technology to vaccines for other diseases.
I don't hold it directly, but if I did I would be inclined to hold - or possibly top slice, taking some profits in case my analysis is wrong.
|
|
|
|
Post by rgs2001uk on Aug 6, 2021 20:32:24 GMT 7
^^^^, thats what I did earlier this year, with my usual flair for timing the markets,  . I took profits from Croda, SM, Monks and Edinburgh and reinvested elsewhere. |
|
.
