Q: Looking at the chart of Propel. Since June 2024 consistent new monthly highs (of course with profit taking pull backs). But since the early November highs, the trend has changed, lower highs etc. this looks like a topping pattern to me. (I would say if it cannot break 40 very soon it is time to get out). While, of course, there can be many reasons for investors losing interest in a stock, the timing of the apparent reversal with the U.S. election seems too coincidental. May I ask as to whether 5i is aware of anything in the Propel business model which could be negatively affected by the Trump election? I am thinking maybe tariffs and their effect on interest rates etc.
Thanks as always
Neil
Thanks as always
Neil
5i Research Answer:
Tariffs might increase inflation, and inflation could increase interest rates, which in turn...