AUS opened 33c lower then yesterdays A$12.68 close with low been A$11.80 currently the 20 minute delay boys kicking and SP starting to make inroads into that 33c now
Interesting - according to 4-traders one analyst (out of 8) just downgraded ATM to "underperform" and cut the 12 month SP prediction down to $10.15; Not sure which analyst this was, but whoever is following him/her might have been spooked and sold out?
Obviously - we don't know, whether this was just a blib or the start of an avalanche of downgrades. Current consensus is $12.94 - i.e. company looks anyway pretty much fully priced. Add to that a management with questionable judgement and current risks in international markets - why buy it now?
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"Prediction is very difficult, especially about the future" (Niels Bohr)
Interesting - according to 4-traders one analyst (out of 8) just downgraded ATM to "underperform" and cut the 12 month SP prediction down to $10.15; Not sure which analyst this was, but whoever is following him/her might have been spooked and sold out?
Obviously - we don't know, whether this was just a blib or the start of an avalanche of downgrades. Current consensus is $12.94 - i.e. company looks anyway pretty much fully priced. Add to that a management with questionable judgement and current risks in international markets - why buy it now?
That analyst could very well have been from BP Broking Ltd.Lol
That analyst could very well have been from BP Broking Ltd.Lol
Not sharing my valuations with 4-traders .. but anyway - trend chart still looks like a double top to me ... but obviously - if the financials exceed the outrageous market expectations, than only the sky will be the limit.
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"Prediction is very difficult, especially about the future" (Niels Bohr)
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