Here is a copy of the recent Bell Potter report "Fear is the Mind Killer."
Interesting to note this Hold was announced whilst the SP was at $10.31 and BP stated that " We downgrade our rating from Buy to hold citing the near term concerns that we believe have the potential to weigh on the share price and create a better entry point for investors"
Still seems more like a quasi buy recommendation (even with a adjusted TP of $11.45), especially now with the SP under $10 and bouncing around the 200 day moving average.
IMHO I believe it has been pushed down by the fear of recent events and provided all the necessary ingredients to allow the instos and shorters to have a food frenzy!
GLTA LT SHs & DYOR
Good Old Bell Potter Downgrades from Buy to Hold, page-17
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Last
$6.85 |
Change
-0.060(0.87%) |
Mkt cap ! $4.952B | |||
| Open | High | Low | Value | Volume |
| $6.83 | $6.87 | $6.78 | $8.532M | 1.250M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 1 | 2151 | $6.80 |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| $6.85 | 27162 | 5 |
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| Last trade - 16.10pm 19/07/2024 (20 minute delay) ? |
| A2M (ASX) Chart |