How on earth can you trust what macquarie are saying. This is the mob that at $420-$4.30 put out a target of $6. This was after the initial Wembley announcement. One of their leading analysts at came out and made it his most outstanding buy when the price was in the $3.40's again reinterating a $6 price tag.
To be honest, i dont trust what they have to say. They are the greatest hindsight analysts i have seen.
I dont think they really have a clue.
In the past, they have talked up PBB (then it nearly halved)
FLT (we know where that has gone)
and more recently, i have seen them pump FLX while it was around $3.05, it is now $2.40 ish. Thats just a few of many.
MXG Price at posting:
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