I think I read some were that Citi is often shorting shares in companies, so it seems in their interest to downgrade company values more than is reasonable. Be careful with Citi's valuations.
Printable View
Serious shorting going on with 54% of the total volume shorted yesterday, combine that with the Citi clowns who yesterday recommended A2 as a good growth play then downgraded it today and it's no wonder you get an orchestrated price drop, best to sit tight and ignore or use as a buying opportunity IMO.PS-Baton down the hatches as MA200 is under threat.
WANTED TO BUY 2000 a2 @ 10.10 to 10.12 ono to add to the herd bought last Thursday at 10.12:).
All true, but i'm more worried that he just can't calculate a percentage properly. I'm assuming given his job position he's at least living in a 2m valued house. For his rates to be 4% of the value annually, he'd have to be paying 80k per year on rates. Which is complete BS.
My home's CV is a touch over a million, and we pay under 3k per year. For those i know who have houses valued at up to 3-3.5m, they're all still paying less than 10k (not 120k as Lister appears to imply with his 4% figure).
Have to do something with my PPH funds so I have an order in at $10.40. See if that gets met today. Also just picked up a few more SML. I'm feeling a bit more milky than your average Milky Bar kid.
Not too worried about the short term _ i'm still looking a year plus out with these ones.
Edit. Well, thats me topped up. ATM accounting for 22% of my portfolio and overall now carrying a 13% gain over 9 months. Looking forward to those future dividends!