hfa - 1 month target - 35 cents, page-6

oh come on, give it a break.

they are suffering a massive exit out of their funds, as people don't want to be in hedge funds out of fear or probably view direct equities is a better place to be at this point in time. HFA won't receive any fees whilst it is all outflows.

This creates earnings uncertainty, and these events have damaged the brand.

The model they operate is not transparent, even brokers like UBS, Macq bank, Merrill Lynch are struggling to put a value on the company.

UBS 5/11 gave it a 80cent SP target 16/12 they moved the target to 30
Mac Bank 6/11 73cents latest 15/12 30cents
UBS 5/11 80 cents 24/12 No rating

For those that hold, good luck, milk it for all you can.

For those who want to buy, why would you? How do you value it? Three banks who would have a reasonable idea how to come with a valuation yet two have reduced their target by 60% and the other has given it a no rating.

The comment about HFA being a great company and good management would be better believed if the management was in the market place buying up their own shares!