So did I. It would be interesting to see someone who is thinking about worst utilisation of their investable funds and its future decline.
As for the WHS it was at $3 just over a year ago.
Printable View
Looks like the aussies pushed it off a small cliff today, down over 3% while the NZX listing is only down just over 2% (a fair difference)... although I'm somewhat surprised the share price is still over $10 (NZ listing), but as I've mentioned before, sometimes the fundamentals don't matter, just as long as the story feels good... and ATM still has a pretty good 'feel good' story around it.
Latest broker to downgrade A2M :
"Also weighing on its shares has been a recent broker note out of Ord Minnett.
According to the note, the broker has retained its lighten rating and lowered its price target on the company’s shares to $9.90.
It reduced its price target and lowering its earnings estimates to reflect the tough trading conditions it is facing.
One possible positive, though, is that the company is sitting on a sizeable cash balance. With its share price trading close to a 52-week low, the broker has suggested that capital management initiatives could be considered."
From a couple of posters on HC;
"...i read the same thing on Motley about Ord which is strange because Ord Minnet have been buying the stock as indicated by the broker data i have up till the 6th..."Well thats their standard tactic, accumulate whilst downgrading, such an honest transparent lot...."
"...Taxed said: ↑
Is it not the case that the brokers are simply buying on behalf of their clients, ie executing their clients instructions? So Ord Minnett et al can quite legitimately lower their price target whilst appearing to 'accumulate' the shares. It just tells me that clients are discounting their brokerage's advice and buying big at these levels.
BTW, I see that Forsyth Barr's latest research note* from 21 Dec has a revised target of $15.50 and retains their 'Outperform' rating. Just sayin'...
[* The FB research note also comments: The company does have a large cash balance which provides the option to help market confidence with a share buyback — this is “being considered”.]