TAP tap oil limited
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sell down

  1. thegun
    337 Posts.
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    20/08/08
    11:59
    Post #: 4127100
    i think this might have something to do with the sell down over the last two days

    2318 GMT [Dow Jones] STOCK CALL: UBS trims Tap Oil (TAP.AU) target to A$1.49 from A$1.90 after cutting earnings forecasts. Now expects TAP to book FY08 loss per share of 8.5 cents, had previously tipped EPS of 8 cents. Also trims FY09 EPS forecast to 5.5 cents from 19.7 cents, and expects a loss per share of 3 cents in 2010, compared to a previous forecast for EPS of 10.1 cents. Keeps Neutral rating on stock, TAP last at A$1.30. (LMF)
    TAP Price at posting: 0.0¢ Sentiment: None Disclosure: Held
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    lightbulb Created with Sketch.  Great analysis
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