Hey don't put it on me. If anything I showed up the folly of using anything Morningstar has to say as investment grade advice. Their fair value is all over the place. Morningstar told me their FV on A2M was $14.20 yesterday yet CBA quoting them today has it a $13.30.
Well it looks like the big instos holding 75% of A2M don't base their investment decisions on the say so of Morningstar. If you are going to follow someone follow the money as bulk of A2M is still tightly held by the instos and most of us retail LTH.
We showed up how sloppy Morningstar star is and despite telling their overseas call center how out of wack their figures were from their own he was not going to escalate it unless they heard a query from the banks and instos publishing their infomation.
Media Updates, page-2558
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$6.85 |
Change
-0.030(0.44%) |
Mkt cap ! $4.952B | |||
| Open | High | Low | Value | Volume |
| $6.93 | $6.98 | $6.83 | $10.27M | 1.490M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 7 | 18844 | $6.84 |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| $6.85 | 41602 | 1 |
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| A2M (ASX) Chart |