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Pioupiou, in regards to those whose opinion carry weight, given...

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insomniac

623 Posts.

29/01/16

21:05

Post #: 16900558
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Originally posted by Pioupiou ↑

After a good run yesterday, TGA had a good run again today. Of the 518,871 shares sold, 9.57% were sold in the last minute up to 4:00pm, and 7.18% after that. I do not know if that suggests there is more to come on Monday. I am stuffed if I know what has changed since the SP was below $1.80 not many days ago.

I am fairly certain that if you gathered together as many brokers' valuations as you can find that are no older than three months, their average valuation would be roughly $2.50, so the SP has the legs to run a long way yet if there is any substance to the valuations. Brokers' target price would have averaged a little lower, about $2.40 I would suggest. These estimates and targets all include a regulatory-fear factor, so if that factor transpires to be less than anticipated, then these values should increase as brokers revise their reports. Has anybody whose opinion carries weight commented on TGA in recent days, or in the current month even?

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Pioupiou, in regards to those whose opinion carry weight, given a couple of directors have bought shares (albeit fairly small parcels), one could speculate that there is some confidence that the regulatory outcome for TGA may be relatively benign.

TGA Price at posting: $2.00 Sentiment: Buy Disclosure: Held
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0 Great analysis

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