Here’s my summary of FY18 Forecasts
Leftfield $10 to $12
Hardt $9.46 to $12.62
NZ Silver $8.21 to $10.80
Maquaries $9.20
FNZC $8.50
Goldman Sachs $8.85
Snoopy $3.00
It's going to be interesting to see where we are by the next update, end Feb 2018.
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Here’s my summary of FY18 Forecasts
Leftfield $10 to $12
Hardt $9.46 to $12.62
NZ Silver $8.21 to $10.80
Maquaries $9.20
FNZC $8.50
Goldman Sachs $8.85
Snoopy $3.00
It's going to be interesting to see where we are by the next update, end Feb 2018.
Hardt - you should extrapolate you Distributial Cashflow out a few more years and put all of them into a DCF and then work out an implied terminal growth rate to support a $9 share price.
Could be interesting what you come up with
This weekend I went on a garden tour and started chatting to a retired man about the garden and the weather. He then said “My friends are all advising me to get into the share market.” We then had a conversation about ATM. He is unsure of whether to buy so he was not telling me to buy, which confirms that the TDI indicator still has room to move up.
TDI - The Taxi Driver Indicator
When your taxi driver starts talking to you about the latest "hot stock," we are almost certainly at a market top! Many Manhattan investors have used the taxi driver indicator to gauge when they should be more cautious when it comes to their investments.
When everybody is giving you their stock market opinions, this is typical as a direct result of strong widespread performances among most shares. It also demonstrates that greed has overtaken caution, and people are stampeding into investments.
While not as commonly followed as most economic indicators, the taxi driver indicator should be. Specifically, because it is consistently reliable and accurate.
The point when you see the "taxi driver indicator," it usually implies that the stock market is currently highly overvalued. The next move for investments is typically going to be sharply lower, and usually pretty soon too.
https://www.thebalance.com/little-kn...cators-4114321
TDI is a bit like the Shoe Shine boy, or when Winner's bowling mates are buying, then start selling, and when they're in the doldrums selling, start buying? It's nice that Winner tells us about the bowling mates, whether there are any or not, as it's a helpful way to interpret the market sentiment around irrational exuberance and desolation. Market sentiment is everything, just have to learn how to tap into it and respond to it.
My guess is the TDI is not at the level it was before October '87.
difference is ATM is generating some serious cash, not just paper profits on some BS asset