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  1. #13881
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    Forsyth this morning saying HGH overvalued - 12 month price target of $1.35...

  2. #13882
    Advanced Member King1212's Avatar
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    Come on TJ Frosyth broker is a crook .....can not be trusted...and everyone knows...

  3. #13883
    Hunting for more dog food Beagle's Avatar
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    Quote Originally Posted by trader_jackson View Post
    Forsyth this morning saying HGH overvalued - 12 month price target of $1.35...
    I've seen the report and couldn't disagree with it more. The company itself is forecasting $84m at the mid point of their forecast range which translates to earnings of 14.3 cps and yet Forbar are only estimating 10.5 cps, claiming we are in the heart of the storm. The average analyst view of market screener is here and shows earnings for FY21 or 13 cps rising to 14 and 15 cps in the following years. https://www.marketscreener.com/quote...44/financials/

    Rather than me make aspersions on their analysts work I would rather simply highlight that its at a really substantial variation to the company's own forecast and the rest of the investment analyst community.
    All that's left for me to add in this instance is that Forbar run a subsidiary company called Leveraged Equities that gives their clients the ability to short stocks. Maybe they are looking for more business with their subsidiary ?

    My own view is that HGH is very cheap relative to the six Australian banks I follow all of which are trading in ostensibly the same environment as HGH.
    Last edited by Beagle; Yesterday at 06:31 PM.
    No butts, hold no mutts, (unless they're the furry variety).

  4. #13884
    Member jimdog31's Avatar
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    Quote Originally Posted by Beagle View Post
    I've seen the report and couldn't disagree with it more. The company itself is forecasting $84m at the mid point of their forecast range which translates to earnings of 14.3 cps and yet Forbar are only estimating 10.5 cps, claiming we are in the heart of the storm. The average analyst view of market screener is here and shows earnings for FY21 or 13 cps rising to 14 and 15 cps in the following years. https://www.marketscreener.com/quote...44/financials/

    Rather than me make aspersions on their analysts work I would rather simply highlight that its at a really substantial variation to the company's own forecast and the rest of the investment analyst community.
    All that's left for me to add in this instance is that Forbar run a subsidiary company called Leveraged Equities that gives their clients the ability to short stocks. Maybe they are looking for more business with their subsidiary ?

    My own view is that HGH is very cheap relative to the six Australian banks I follow all of which are trading in ostensibly the same environment as HGH.
    Arent forsyth the same crowd target price ATM $21.50?

  5. #13885
    Membaa
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    After a sobering and expensive experience with brokers and their analysts in the early 90ís, I cut my own path, learnt basic FA and binged on TA. Owning a business for a while helped.

    Itís worked pretty well so far. The only analysts you need imho are the generous collective members of ST. And the fortitude to make up your own mind and back your own research in your investing and trading. Itís also a lot more rewarding in many ways.

    Disc own HGH and quietly accumulating these depressed prices.

    Gltah.

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