Listening in to the investor day on Thursday, I was disappointed by the level of understanding of Genworth by the analysts who are paid to cover it. Sure it is a complex business and the only of its kind listed on the ASX, but they really don't get it. I wonder how much of the persistent undervaluation is a result of analysts failing to understand it.
I was also expecting to see a few revised price targets for the various analysts - but I was expecting the revisions to be upwards, given how incredibly bullish Genworth's management were in the session.
Not surprised to read this garbage from Macquarie. Check out this piece from Macquarie six months ago - suggesting a valuation of Genworth at about $0.08 - yes, 8 cents (or 2% of NTA) if it lost the CBA tender. Should have been more like $6.00 as the book value would be crystalised and returned to shareholders in a few years. The maths used to arrive at the 8 cent valuation was embarrassing and demonstrated a poor understanding of accounting concepts.
- Forums
- ASX - By Stock
- Share Price Catalysts
Listening in to the investor day on Thursday, I was disappointed...
-
-
- There are more pages in this discussion • 4 more messages in this thread...
You’re viewing a single post only. To view the entire thread just sign in or Join Now (FREE)
Featured News
Add HLI (ASX) to my watchlist
|
|||||
Last
$3.79 |
Change
-0.030(0.79%) |
Mkt cap ! $1.100B |
Open | High | Low | Value | Volume |
$3.83 | $3.87 | $3.74 | $3.244M | 858.0K |
Buyers (Bids)
No. | Vol. | Price($) |
---|---|---|
1 | 1137 | $3.77 |
Sellers (Offers)
Price($) | Vol. | No. |
---|---|---|
$3.79 | 10149 | 3 |
View Market Depth
No. | Vol. | Price($) |
---|---|---|
1 | 10000 | 3.750 |
5 | 19472 | 3.740 |
2 | 12656 | 3.730 |
1 | 2656 | 3.720 |
6 | 36033 | 3.710 |
Price($) | Vol. | No. |
---|---|---|
3.790 | 2314 | 1 |
3.810 | 8656 | 2 |
3.820 | 3451 | 2 |
3.830 | 2656 | 1 |
3.840 | 2656 | 1 |
Last trade - 16.10pm 03/07/2024 (20 minute delay) ? |
Featured News
HLI (ASX) Chart |
The Watchlist
CCO
THE CALMER CO INTERNATIONAL LIMITED
Anthony Noble, CEO & MD
Anthony Noble
CEO & MD
Previous Video
Next Video
SPONSORED BY The Market Online