X64 0.00% 57.0¢ ten sixty four limited

Ann: Change in substantial holding, page-5

  1. 11,117 Posts.
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    MacBank did not like the quarterly report and reduced its TP from $1.39 to $1.20. Deutsche Bank reduced its TP from $1.90 to $1.70.

    I do not know what the other big brokerage houses have done to their TPs, but I am assuming it is all downhill.

    This thing should hit the lows of last year and I would not be surprised to see it fall below that level unless they have some very good news.

    The reason for buying it and being willing to hold it in a downtrend has been proven to be incorrect now that we they are unable to run the company at a low cost.

    It would not surprise me if some fundies were trying to exit, and I suspect the UK broker that has been touting MML for years must be getting phone calls from a lot of irate clients wanting out.

    Peter Hepburn-Brown, you are the weakest link. It is best that you leave now before you get ejected shareholder action. And please take most of the BOD with you as well as that vastly overpaid CFO. I thank you in advance for complying.

    loki
 
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