Not sure the negative sentiment re broker notes re TSI......

Not sure the negative sentiment re broker notes re TSI... Guessing I have missed a note from Bells. Do like your sentiment though, on board with you for sure!

Ords hasnt updated since their April note, $3 price target. Agree with the general sentiment on brokers notes though, but at the end of the day the "Analyst" will internally be judged on performance by his peers.. If he is rubbish the stock brokers wont buy the recommendations, and the research team will let them go, if their research isn't generating commission, and returns for clients on a management fee structure, they aren't worth keeping on the books.

No surprises in Qtly, still ticking through the cash but it early days, asset backing is growing as they lay down more and more product so happy days for the strategy.