News: CGF Challenger Ltd To Commence U.S. Dollar Annuity Reinsurance, page-11

Correct the E has been a concern.

However what i would say, is two events with Comm / BT Annuity flow over H1 were once in a 100 year event, post Royal Commission. To miss FY20 consensus flows need to accelerate to be down 40% from the -27% at HUBS on my numbers.

MS&D is increasing stake to 20%

Caledonia has increased its stake

Two heavy weights.

Short interest remains very HIGH and needs to be covered.

Also all Analysts are NEGATIVE. Going one Way! All 9 Analysts in Factset de-rated and lowered price targets . Perfect

“Bloomberg lists on a monthly basis the highest-ranked and lowest-ranked stocks by sell-side analysts. I look at the lowest ranked for buying opportunities and the highest-ranked for selling opportunities. “ Jon Jacobson