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Bell Potter Update, page-5

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Nick Miller

1,276 Posts.

46

29/11/16

15:39

Post #: 20968079
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Originally posted by Oddoneout ↑

Sometimes I wish my skill - such as I have - was not editing. An editor reads for nuance - did the writer really mean to choose that word/phrase/juxtaposition, or was it just carelessness?

The BP note quoted above was written specifically about FAR, correct? It therefore talks about FAR's prospects, not those of others. That said, then what are we to make of, "While the issue of the PE rights involving the sale of COP's interests to WPL remains to be settled, we expect that it will be resolved satisfactorily in the near term ..."

Satisfactorily for whom?

In the context of the article, the writer must be referring to FAR. Now it's too much to infer that FAR will PE the lot, but it does suggest that BP is comfortable that FAR will achieve a decent outcome. That reasoning supports BP's valuation, which seems generous at four bags.

There you go, all you critics of the starry eyed optimists on the forum - I've just bowled you a full toss on leg stump.

OOO

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Is it reasonable to assume that BP have been given sufficient information to deduce the outcome of PE? We are after all talking material non-public information. Maybe I am naive but I thought we were all meant to be operating on the same information.

FAR Price at posting: 6.9¢ Sentiment: Buy Disclosure: Held
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(20min delay)
Last 50.5¢		Change 0.010(2.02%)		Mkt cap ! $46.66M

Open	High	Low	Value	Volume
49.5¢	50.5¢	49.5¢	$22.8K	46.03K

Buyers (Bids)

No.	Vol.	Price($)
2	50657	49.5¢

Sellers (Offers)

Price($)	Vol.	No.
50.5¢	111698	2

View Market Depth

No.	Vol.	Price($)
1	45657	0.495
1	99999	0.490
2	104597	0.485
4	260000	0.480
1	100000	0.475

Price($)	Vol.	No.
0.505	94074	2
0.510	100000	1
0.515	120000	2
0.520	335203	4
0.525	118000	2

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