Any Court action will be thrown out. Angry shareholders need to move on
There are two class actions, both have already been to the relevant court. Couta is referring to the Slater Gordon suit. The other is Shine Lawyers. The next step is to resolve the competing claims, on May 5 the court hears evidence on how the matter will proceed.
looks like a hammertime moment coming soon. On the verge in aus of breaking below $5 and new all time lows
Citi has advised a SELL target price $AU 4.80. Same guys were recommended it as a BUY not a while ago. Reason for the twist— Shanghai port �� and SAMR rego delay. I thought UBS were worst but Citi not far.
Last edited by carrom74; 11-04-2022 at 01:06 PM.
Reason: added few more words
Citi has advised a SELL target price $AU 4.80. Same guys were recommended it as a BUY not a while ago. Reason for the twist— Shanghai port �� and SAMR rego delay. I thought UBS were worst but Citi not far.
wow thats a huge drop in there target price
i see late feb citi did a downgrade to $7.02 aus
If China makes some sort of move on Taiwan, (it doesnt havre to be a full millitary strike, there are more than one way to skin a cat.) resultant sanctions may mean ATM biggest market will fold. The world is getting smaller.Rogue country trade must be regarded as temporary at best.
Last edited by bottomfeeder; 12-04-2022 at 02:47 PM.
Still a long way to erode further by the look of daunting hurdles. Nerves of steel for those who haven't sold out already. Lot of holders either not wanting to realise losses or holding out for some shear hope. Maybe the targets of $3.50 - $4 are still a genuine reality over 2022. Another sell off in the works
Originally Posted by Patrick11
Reply With Quote
thats a huge drop in there target price 
Bookmarks