The big boys are certainly having fun with this one today. Massive volume going through off market at $4.55. Think I'll sit quietly trembling on the sideline
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The big boys are certainly having fun with this one today. Massive volume going through off market at $4.55. Think I'll sit quietly trembling on the sideline
pay-walled article in NBR: http://www.nbr.co.nz/article/analyst...de-jr-p-182720
In a nutshell: analysts seem to think that Contacts latest forecast is too cautious - and they (analysts) working with better numbers:
Question as well the timing of the downgrade (Contact released the monthly numbers never that early in the month) and assume this exercise was to create a "clean slate" for the new board and allow them to underpromise and overdeliver.Quote:
Forsyth Barr analyst Andrew Harvey-Green is now forecasting $531m ebitdaf while Craigs Investment Partners analyst Grant Swanepoel is predicting $534m.
Ah well, these poor underpaid suckers seem to be in need to hold several jobs with many companies in order to make a living. It is hard if you need to work concurrently for many big companies - easy to get the name wrong, isn't it? Lets hope he doesn't mix up other things as well. Shareholders should probably decide to pay them a living wage ... than they could focus on just one job ...
Or do they get already more than that now;)?
$41m turnover today. An exodus of Australian funds who bought in 'cheap' off Origin?
Often not a great idea buying in a down trend but never was good at perfect bottom picking. I'm taking more of these at around 4.55 and not too fussed if they go a bit lower.
If so, like snoopy, I may buy a few more.
I added a bit early at 4.72 but have an average of around 4.90 so pretty happy. Divs will be 80-100 imputed so yield will be near 5% net and that's in a year when things haven't gone their way. They'll be $6 again once the div is up to 30c and they get a favourable weather year.
[QUOTE=winner69;600336]Jeez, $6.03 is a long way from current $4.56
No wonder you guys are buying at the moment - if Craig's have got it right a 32% gain pending
JT - I'm sure many appreciate you sharing Craig's headlines
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They value AIR higher than most too so who knows, heres hoping. 4 traders have consensus of $5.91, 4 buys ,2 outperforms. Morningstar have a new valn of $5.50 . Anyone got any other local broker valns ?
Cheers FK.Big crossover aftermarket? S/P finished 2 c up over 14 million thru.
Forsyth Barr Fy16 EBITDAF-$531m,target price $5.45.