Your're short, we get it but its getting more and more silly...:t_down:
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It's irrelevant what one or other posters positions in the market are, imho it always pays to keep an open mind and take on board all points of view without prejudice or emotion, then form an opinion and have a plan either way on Monday. This could be innocuous and just a bad look by the new CEO, or it could be serious. Have a plan A and a plan B.
Just to add to the mix Craigs downgraded ATM from a buy to hold last week. Based on potential uncertainty around upcoming regulatory changes and a more limited risk-reward profile. They maintain their sell recomendation on SML.
Aussies closed at 12.32 nzd so down from our 12. 50 , seeing that they had 2 hrs more trading .
looks like it started to fall a bit before the notice was given and fell more afterwards .
But not a blood bath given they had time still to trade after the notice , unlike us . Ride the storm?
It is the CEO's job to drive a business to sucess. And to keep Directors and major shareholders happy. She wont be doing anything that will upset these folks. Be prepared for a bargain.
Devon Funds executive chairman Paul Glass saidIt's a really interesting decision for a new CEO to dump every share she owns
Seeing Hrdlicka sell was "quite staggering" , Glass said
Investors are paying over 32 times forecast earnings for this stock so it's not one you want to see any negative surprises from," Glass saidhttps://www.nzherald.co.nz/business/...ectid=12130288
That Glass guy has been a downer on A2 for a while now ......wonder how Harbour view the sell down ....they probably think it’s just water off a ducks back and a non-event
Jeez that Jayne going to get another $5m plus one day (and then even more rights next year) .....hurdle is a non event.
Maybe A2 remuneration packages is what punters should be enraged about.