Australia's largest stock trading and investment forum Australia's #1 stock forum

CGF

Click for more information

0.44%

$6.82 challenger limited

Challenger, page-46

First 46 Last

Share
Profile

Follow
reggierabbit

1,726 Posts.

130

18/08/20

18:37

Post #: 46632768
Share

Originally posted by spiderman14: ↑

How to describe the mysterious behaviour of CGFs share price?
In a time of instant information and rumoured numbers that turned out to be on the money i expected the market to have factored in all the negatives prior to the CR . Big money was invested on the advice of GS and MB who would have briefed their clients where CGF was now and moving forward.
On that advice the CR was oversubscribed and so was the SPP to everyone's surprise. Yet the SP still kept dipping up till the full year results. In any other blue chip once a share gets hammered and poor results get released the SP tends to rally but not this time.
The week before the full year report there were 300k of shorted shares as reported by ASX the day the results were released it increased to 3 million. The share continued to tank and still does 6 trading sessions later. Some are saying their guidance is too optimistic and is off by around 30%. Fair enough but again the smart money would have known this which makes me wonder is this being set up for a T/O.
What do i know but can you imagine the whales in Tokyo calling their broker who adivised them to buy into the CR what are they being told?

Expand

Who is saying the guidance is off by 30% please ? Please name.

CGF Price at posting: $3.72 Sentiment: Buy Disclosure: Held
Upvote

0 Great analysis

Reply

Top Stories

LGM

Legacy shares jump on discovery of multiple epithermal veins at Bauloora JV

I88

Infini soars 50% as company reveals it could’ve just made uranium history – redefining what it means to be “high grade”

GRE

Greentech finds lithium trend across 5.5 km at WA's Kobe South

PYC

PYC commences new study on drug for eye condition Retinitis Pigmentosa type 11

AW1

American West does it again at Storm with visually identified thick copper hits at Cyclone, Lightning Ridge

There are more pages in this discussion • 32 more messages in this thread...

First 46 Last

Add CGF (ASX) to my watchlist

(20min delay)
Last $6.82		Change 0.030(0.44%)		Mkt cap ! $4.713B

Open	High	Low	Value	Volume
$6.79	$6.83	$6.68	$3.870M	570.0K

Buyers (Bids)

No.	Vol.	Price($)
2	4765	$6.82

Sellers (Offers)

Price($)	Vol.	No.
$6.84	6255	3

View Market Depth

No.	Vol.	Price($)
4	13255	6.790
2	12968	6.780
3	3676	6.760
1	1488	6.720
1	7000	6.700

Price($)	Vol.	No.
6.840	6255	3
6.850	6920	2
6.900	9887	3
6.960	1131	1
6.990	4606	1

Last trade - 16.10pm 10/07/2024 (20 minute delay)

CGF (ASX) Chart

SPONSORED BY