What are people's thoughts around the LSE? Have taken a hammering in recent months but good value now?
Thanks for the replies chaps. Will perhaps window shop on that one for now. Have got icap already and hoping the volatility will push the price up a little come earnings announcements.
I have these on my watchlist.
Technically, there's support at round number £10. There's a gap between £9 and £10 which may be filled. Failing that there's extensive support between £6-£6.40.
Fundamentally, forecast eps is 70p giving a highish p/er of 15x. Market cap to sales is almost 6x which may be unsustainable in the long term.
Cheers for the heads up on the square of 52. I often apply the 25%, 50% and 75% Gann Levels to price charts but not the esoteric stuff