And one by one, they are leaving the 'sinking (sp)' ship.
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We're not getting the whole story, that's for sure and it seems every time the page is turned on this book its more bad news after more bad news after...its like watching a super slow motion car crash that just goes on and on and on...its mesmerizing and you can't stop watching, wondering how its all going to end...
Let's indulge in a bit of mental stimulation :
https://www.marketscreener.com/quote...22/financials/
Updated consensus forecast is for 23c in F22.
Let's use this number and let's apply a generous PER of 18 times.
Gives a price target of $4.14 as a realistic share price.
This may be a silly question, but might we be getting into the realms of takeover territory?
Lets give it a few more days mate. Can take a couple of days for analysts to rework their forward guesses and a few more for them all to be showing on market screener.
By the middle of next week we should get a handle on the average analysts forecast. One thing for sure is without a confirmed new uptrend there's no way I'm getting the cheque book out at $4.
Just wait for a momentum trend change, company and analyst forecasts have been essentially and practically, useless, whereas TA has been extremely helpful in keeping me sitting on my paws. TA worked an absolute treat with MET too, another stock I loved to hate but when the TA said BUY that's exactly what I did.
Does anyone wish to share their thoughts on latest 200 page .........SPH notice from Morgan Stanley and its Subsidiaries
Disclosure of beginning to have substantial holding
Anyone see where all the blue air keeping the SP up in the clouds all the past months suddenly went ? ;)
it can't all have gone to AIR , NTL , MFB or HMY or any of the other ratbag IPO's creeping onto the board .. ;)
Wonder if we can enlist Ogg to inspire FonTerror into wanting to buy up the job at $12 a share or better ? ;)
or even to look at backing the Large Terrible into ATM seeing as reorganisation thoughts are on the Farmer's
Co-op large table .. ;)
KFL still holding 6% of ATM ....I wonder why they dont throw it out from their portfolio ...they have been known to do that before ...so no pride or ego issues .
Since Dec last when they managed to figure it out before 2nd downgrade that its not working out for them ...they just sold 1% down while keeping rest ...it has been the biggest drag on its NAV ...but they still hold ...Makes me wonder why ??
Do they think turnaround will be as quick too ??? Makes me wonder ...:confused: