Start of August the "shorters" started taking positions - how might their interest in ACF defy what appears to be a progressive business with depth of management & some great proprietory offerings!
Trading well below what at least one analyst expects to be fair value - North of $1.15 per Morgans August 16th
Are these two trades indicative of the "shorters" games:
Still approx. 5 weeks away from Ex.Div. date, handsome increase on the prior year - almost double when you consider now 100% franked!
So with the "shorters" taking an interest what sort of ride can we expect as ASH work towards meeting Broker target?
ACF Price at posting:
85.0¢ Sentiment: Buy Disclosure: Held
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