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

CGF

Click for more information

4.76%

$6.61 challenger limited

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

First 46 Last

Share
Profile

Follow
reggierabbit

1,729 Posts.

132

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

SMN

Structural Monitoring Systems' Boeing-led sensor tests successfully completed

LRV

Larvotto posts PFS for Hillgrove, suggesting low-cost, high-grade operation

CNB

Carnaby announces new discovery but some HotCopper users not so sure

Money and Investing with Andrew Baxter: The psychology and emotion driving bulls and bears

ENR

Encounter reports thick niobium-bearing carbonatite hit at West Arunta

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 $6.61		Change -0.330(4.76%)		Mkt cap ! $4.609B

Open	High	Low	Value	Volume
$6.81	$6.82	$6.60	$2.152M	321.6K

Buyers (Bids)

No.	Vol.	Price($)
10	1630	$6.60

Sellers (Offers)

Price($)	Vol.	No.
$6.61	4405	12

View Market Depth

No.	Vol.	Price($)
11	2087	6.600
8	7268	6.590
8	14272	6.580
7	11982	6.570
4	55424	6.560

Price($)	Vol.	No.
6.610	4436	12
6.620	9728	3
6.630	6741	8
6.640	3532	6
6.650	6461	9

Last trade - 11.28am 05/08/2024 (20 minute delay)

CGF (ASX) Chart