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vic_wattle

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25/05/16

15:40

Post #: 17864390
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Originally posted by Cain Treanor ↑

I would take analyst forecasts with a grain of salt, they only represent people's best guess, I would put more weight in what management say they will be earning, they have the most information to work with, but even that's a best guess of what will happen over the next month.

The fact that Morgan's reduced their guess is irrelevant to me, I wasn't basing my valuation on Morgan's guess, they over estimated earnings and as the games final quarter plays out they have realised it and reduced their guess.

What do you think they need a smoke screen for? Earnings have grown, they have good stable domestic business, a growing export business, and a growing production business.

Offcourse you should expect some volatility in share price as the various stages of the capital raising play out, that shouldn't worry investors, just do your valuation based on the facts, and if the price you can buy shares at is good compared to your valuation buy some, otherwise just hold and let the company do its thing.

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Morgans have a vested interest in cr. Connect the dots.

Company comes out with stellar 1H, morgans ups forecasts by a significant amount, other analysts follow suite. Market consensus rises and sp follows. Morgans are called to organise cr. Morgans downgrades forecasts and guilds the lily to not frighten the horses too much. Cr announced. Guidance is far below that manufactured by Morgans. Last month of fin yr so investors um n r.

All too manufactured for my liking.

CZZ Price at posting: $21.25 Sentiment: None Disclosure: Not Held
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