CVO cover-more group limited

yup UBS has a buy on this naming it one of their picks of the...

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    yup UBS has a buy on this naming it one of their picks of the month in march.. although the reasons are unclear, could be to help their insto clients sell to dummies like me.

    i think the risk is to the upside too. until the pricing model is fixed (which would be a world first so i am a bit scheptical), the share price will be driven largely by the appreciation in AUD, which has taken everyone by surprise. 77c and still rising.... any sudden dramatic drop in AUD/USD will likely hammer the SP. not that i care too much, i wont sell till the price is right. =)
 
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