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Hopeful9

10,730 Posts.

1414

11/01/21

14:44

Post #: 50086478
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Originally posted by Hopeful9: ↑

The two paragraphs below are a direct cut and paste from 'HC' contributor dabozza, whose posts are insightful.

I didn't see the article in the 'AFR': had I, I'd have bought the paper. Note the mention of UMG, even if as dabozza mentions, 'brokers' consensus' opinions can be problematical. Do (to be cynical) any of these brokers have (to put it nicely) a fiduciary relationship with any of the companies highlighted?

Nonetheless, it's an amalgam of multiple brokers' thoughts so interesting.

'Chanticleer / Financial Review had an article on the most 'undervalued' stocks of 2021 to watch based on price vs brokers consensus. Sure there are some issues with that metric, but AFR was pretty good at highlighting the pros and cons of it...
While the article talked about gold as the main area of consensus undervalued stocks, I thought the food and agriculture was more interesting. You have A2Milk (11th), Elders (12th), Tassals (18th), United Malt (23rd), Collins Food (28th), Inghams (32nd), Nufarm (38th), and Bega Cheese (45th) in the top 50'.

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ASX is negative today (11 January 2021) but UMG has fallen further, to A$3.91.

Sellers outnumber buyers.

While a very minor factor for UMG, Queensland is coming out of its three day lockdown. Against that, the UK's lockdown is apparently an astounding six weeks.

I have to ask again: is this stock being shorted?

UMG Price at posting: $3.91 Sentiment: Hold Disclosure: Held
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SP discussion, page-3

Top Stories

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Medallion Metals kicking off 15,000m drill run at Ravensthorpe gold play

Enova Mining unveils "high-grade" REE drill hits at Coda North, Brazil

Vulcan appoints investment bank and M&A veteran to board

Dale Gillham's weekly wrap: US fracking support boosts outlook for Australian gas stocks

Mako sniffs gold at 170 g/t at Cote d’Ivoire's Napié play

Antipa divests its Citadel interest to JV partner Rio for A$17M, refocuses on Minyari Dome

Metals Australia kicking off plant study at Lac Carheil; Canadian tariff tailwind potential

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