Just a quick question to the advance , how long do you have until you have to pay back the shares you shorted with direct Broking ( same day) ? Thanks.
[QUOTE=44wishlists;779043 P.S. can someone elaborate further on Pendal Group's position please?[/QUOTE]
Well positioned lol!
(Just chipping in from afar)
Delighted by yesterday’s update, and very pleased for those all holders and particularly those 'steady hands' that held firm under the recent shorting pressure. Great news also for those new shareholders who purchased (or averaged down) in the recent lows.
ATM represents over 55% of my portfolio (all ‘free hold’) and I was thinking of selling a few to diversify elsewhere.
However, after reviewing these results I am holding on to all my ATM.
My thoughts FWIW
1.) I estimate FY20 EPS of 50-55 cps ( c.f. 39.3 cps in FY19), and see fair val at $NZ16.50 to $19.00 (depending on what P/E multiple you use.... if you use Winners P/E of 45 things get exciting!!)
2.) I note Maquarie have today rated A2M as ‘outperform’ with a SP at $NZ 16.20 and FY20 EPS of 52.8
3.) In the past CEO Jane received a lot of flack from posters on this site all based on little substance other than her earlier share sell-down. I’m now confident that she is a worthy successor to the previous CEO and is surrounded by a great team (incl the Board.)
4.) Really excited by the progress A2 is making in the USA.
Cheers left field your risk/rward comfort zone is on a far higher level then mine.
My brokers research note out today has buy still with(12 month) t/p increased slightly to $16.60 fwiw.
Maybe get the second wave of new a2 shareholders coming in tomorrow with all the news and media hype of how well they are doing.
Yes, and we have come a long way since the low of $12.19c on the 7/11/19, a loooong slow upward grind. We all deserve a pat on the back by the non believers, for today anyway. Congratulations to all new and old shareholders.
Originally Posted by see weed
Reply With Quote
.
Bookmarks