In May 2007 the sector traded at €200. During the GFC (Great Financial Crisis) the sector hit a low of €24 in March 2009 and from that moment until September 2023, the sector was an investor’s graveyard.
In October 2022 Apollo deep value signals appeared equivalent to the GFC and Covid period. A Need to know moment. From then on to the present day, we observed and wrote commentary on periods of recurring value signals and Accelerator signals (growth.) Reasons to be invested and remain invested until the present day with the sector now trading at a price of €272 – a tenfold increase.
Since November 2024 the sector has rallied 30% but something important has emerged – Apollo signals (see below the Apollo Value indicator) that suggests the sector is at the top end of expected returns compared to history – a Need to know moment for investors.
A sector that was What was once an alligator infested swamp for investors has become the blue lagoon.