Silly old Morgan Stanley ................... SPH Notice - Morgan Stanley and its Subsidiaries
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Silly old Morgan Stanley ................... SPH Notice - Morgan Stanley and its Subsidiaries
Rhetorical question rough answer
Let’s say 170 June 17 was a solid base (consensus F19 revenue forecast ~$110m) and a high of 445
So currently just above 50% fib mark ....and heading to 310 which is the 50% mark.
Next step down is 61.8% retracement at 270 and and then we may as well go to 100% retracement which seems to tie in with what I reckon it’s worth on a net sales multiple ( and remember PPH are forecasting F19 revenues ~$100m which is what punters were expecting when share price was 170 last year
Jeez, Fibonacci things can be spooky.
Glad all the wise punters on Sharetrader have already got out of Pushpay.
Just getting peoples attention of the manipulations going on. Recent brokers 'STRONG BUY TP $4.80 recommendations starting to look silly if SP continues falling especially that the next few months with Xmas - Easter been PPH's best earnings period to become cash flow positive.