When do you think the shorters will start covering again? This sort of news would not suit them at all..
Shorters are on edge, just watch the show....they will help more to push the price up as soon as they start covering their shorts. few millions volumes which shorters will be running to cover
Bought more yesterday, seems to be moving higher every day. Good value under $15, reasonable value at $16. Fair price around $16.50. forward pe for fy20 approx 30, pe of 35 for current fy19 which is now over. Plenty of growth left in a2 even if it's of a larger base therefore smaller percentage wise. Cash flows are very tidy, China risk hurting us a bit but I see Chinese consumers still wanting nz/aus product vs local and paying for the privilege.
Still value here, still approx 6% shorts too. It will be messy for them.
UBS and GS have been making a killing on all counts.
While holding a huge chunk of A2 they pump a ton of shorts into clients hands, hype the stock and sell down their holding to clients who cover...
Then do the opposite on the way down when news is quiet.
Bookmarks