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
In a nutshell: analysts seem to think that Contacts latest forecast is too cautious - and they (analysts) working with better numbers:
Forsyth Barr analyst Andrew Harvey-Green is now forecasting $531m ebitdaf while Craigs Investment Partners analyst Grant Swanepoel is predicting $534m.
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.
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"Prediction is very difficult, especially about the future" (Niels Bohr)
Did your illustrious Chairman (elect) forget which company he was Chairman of at the AGM?
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?
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"Prediction is very difficult, especially about the future" (Niels Bohr)
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 ?
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 ?
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Originally Posted by winner69
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