Just trying to figure out the reason for the lack of support and the high volume fund/insto dumping. Sending it down +5% every day for a 30% decline signals some urgency to get out. The company says everything going according to plan, so what else can it be for this sudden turn in sentiment and tanking share price?
I thought the consensus here was that it was still cheap at 55c, but many of those saying so at the time have been quiet recently so maybe they were just talking it up.
I have been buying more but cannot figure out why it has tanked below 50c with little fund support. Seems extreme. This is the sort of tanking you see in spec stocks, not ones on the doorstep of production.
Wasn't there a +60c valuation on this buy a broker?
Have the brokers all switched to a sell recommendation? Was it just a pump to sell out? Around one third of the shares in TGS have been unceremoniously fed to the market at these levels over the last 4 months. Surely those 18c shares weren't issued to the sophs just so they could dump them on the public? Only the dodgiest companies do that sort of thing.
- Forums
- ASX - By Stock
- TGS
- Ann: Quarterly Cashflow Report
Ann: Quarterly Cashflow Report , page-6
-
-
- There are more pages in this discussion • 5 more messages in this thread...
You’re viewing a single post only. To view the entire thread just sign in or Join Now (FREE)
Add TGS (ASX) to my watchlist
Currently unlisted public company.
The Watchlist
SER
STRATEGIC ENERGY RESOURCES LIMITED
David DeTata, Managing Director
David DeTata
Managing Director
SPONSORED BY The Market Online