The hedge funds, two large one, called it back almost 5 months ago when the SP was over $5.00. Jobs done. What do you think they will do now?????? Get with the times. Late comers to the short party have missed the bus. Show me one hedge fund now calling short. In fact show me any consensus recommendations that are saying underweight or sell. As already posted the consensus now is buy and outperform.
The stock is already at lows seen around when the company and the IO price was at its worse. Brave is he who shorts a company that if anything is going to have profit upgrades. I will just call it stupid head in the sand follow the crowd.
commsec price target $5.40, page-6
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Last
$18.60 |
Change
0.200(1.09%) |
Mkt cap ! $57.26B | |||
| Open | High | Low | Value | Volume |
| $18.40 | $18.68 | $18.34 | $157.0M | 8.476M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 1 | 10105 | $18.59 |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| $18.60 | 17942 | 8 |
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| Last trade - 16.10pm 06/08/2024 (20 minute delay) ? |
| FMG (ASX) Chart |