For a company to have haemorrhaged value in recent weeks is hardly surprising, particularly if it is at the coalface of shutdowns, supply chain disruptions and other market seizures. Whether the shares can bounce back again — and quickly — when the beginnings of normality return, however, is another matter.
Yesterday Peel Hunt took a stab at identifying likely candidates, in a note to clients looking at Covid-19’s “fallen stars” that contains some thought-provoking names. Its analysts looked at the 150 companies listed in the FTSE All-share and Aim 100 whose shares have fallen by more than 40 per cent since the beginning of the year. Then they put together working assumptions about how events might unfold over the rest of the year. These are