TAP 0.00% 7.8¢ tap oil limited

sell down

  1. 337 Posts.
    i think this might have something to do with the sell down over the last two days

    2318 GMT [Dow Jones] STOCK CALL: UBS trims Tap Oil (TAP.AU) target to A$1.49 from A$1.90 after cutting earnings forecasts. Now expects TAP to book FY08 loss per share of 8.5 cents, had previously tipped EPS of 8 cents. Also trims FY09 EPS forecast to 5.5 cents from 19.7 cents, and expects a loss per share of 3 cents in 2010, compared to a previous forecast for EPS of 10.1 cents. Keeps Neutral rating on stock, TAP last at A$1.30. (LMF)
 
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