If you want to see what Aussie bankers do for their money, read "A Wunch of Bankers" by Daniel Ziffer.
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If you want to see what Aussie bankers do for their money, read "A Wunch of Bankers" by Daniel Ziffer.
So - how good are the forecasts of our stockmarket analysts?
Here is the overview of my wee researchtask:
https://www.sharetrader.co.nz/showth...arket-analysts
Looking today at
Stock: HGH
Prediction month: January 2019
Forecast month: January 2020
Share price (peak) in January 2019 $1.43 Consensus forecast for January 2020 $1.58 actual shareprice (peak) in January 2020 $1.87 Share price did rise, as predicted, but instead of the predicted 10.5% it actually did rise by 30.8%; according to the rules this is a failed prediction, which might be a bit harsh. Need to think about this consensus recommendation in January 2019 outperform (6,25/10) actual 12 month growth vs NZX50 outperformed NZX50 by 10% PREDICTION PASS
Rating of the analysts so far:
6 stocks checked (checking for each consensus and buy recommendation);
Consensus shareprice forecasts correct: 1/6; analyst hitrate: 17%
Consensus recommendation vs NZX50 correct: 2/6; analyst hitrate: 33%
Half yearly report out tomorrow. Thoughts? Predictions? Expectations?
Expecting a modest increase in profit and no change in dividend.
the question is UDC
Nice policy change with REL's where you can equity release on investment properties. I think this is very astute