Its a simple choice.
Who are you going to believe ?
1. The company directors and management working at the coalface who released year to date financial performance that's tracking ahead of earlier guidance
2. An analyst at Forbar who has had a dim view on HGH for quite some time and does not appear to have updated that view for a range of emerging factors including but not necessarily limited to:-
a) Recent Covid Vaccine news and the possibility of widespread vaccinations in 2021
b) Success in by and large keeping Covid 19 out of the community
c) Improving business confidence
d) Lower than expected defaults
e) HGH stating they have not had to dip into their previously provisioned Covid overlay reserve.
Ecclesiastes 11:2: “Divide your portion to seven, or even to eight, for you do not know what misfortune may occur on the earth.”
Ben Graham - In the short run the market is a voting machine but in the long run the market is a weighing machine
Forsyth Barr analysts are dubious about Heartland Group Holdings' ability to meet its full-year guidance, even though the company told the annual shareholders' meeting it is tracking ahead of expectations.
Heartland told the meeting net profit for the four months ended October was $29.9 million. If one assumed that represented an average monthly performance, the implied full-12 months result would be $89.7 million. Read the full story at BusinessDesk — subscribe now
Ahh..the guru analysts and their hidden agendas, next....
Strong end to week with a $1.60 close .... highest close since share price collapsed when covid struck
Getting closer by the week to beagles target of $2.05
Close over $1.50 today?
That's at least back to what it was early March
I reckon the market will get a bit irrational and exuberant after Christmas and we will see $2.30 which would make it really overvalued
That'll be when real value investors will sell .... buy low (undervalued) sell high (when over valued) .....and then come back for more when sensibility returns and share price back to 180 or something.
Enjoy the next few months anyway ....unless Forbar are right and then we are for a big disappointment
“ At the top of every bubble, everyone is convinced it's not yet a bubble.”
Yes ,me too. it's good to be back @$1.42 in an old fave.Thought I'd missed my limit price ,but the contract note was late,so nicely surprised to see i'dcaught the rise.
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