Obviously punters weren't worried who became the government. SUM et al not following the market up today.
Maybe some hidden message in this?
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Obviously punters weren't worried who became the government. SUM et al not following the market up today.
Maybe some hidden message in this?
Surprised me too especially given the Oceania news in the ARF.
Its all cloak and dagger stuff in the dark at this stage.
http://www.afr.com/videos/business/c...waq_dmm0xzufws
Loved the bit where they say there's only certain times during the year when they can buy and sell.
At the next AGM be sure to ask directors and management why they think quarterly sales results contain no price sensitive information, (despite being clearly marked as price sensitive in the NZX release), and why they believe they should be free to trade immediately before such quarterly sales announcements
We all know the company makes the vast majority if its profit from new sales and resales but according to management the release of these numbers is not price sensitive...the mind boggles how they think they can justify their stance.
$3.40 to $4.50 the targets range from. You would love the $4.50 one eh
As the article posted somewhere yesterday said - DON'T use broker research for Valuations (they're implausibly precise)
I always discount them 15% to 20% so today's price probably where it might be in a years time.