ASX is negative today (11 January 2021) but UMG has fallen...

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Hopeful9

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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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ASX is negative today (11 January 2021) but UMG has fallen...

Top Stories

Nanocap Middle Island Resources kicks off Barkly copper-gold drill run – a potential IOCG-style NT project

Almonty locks in govt agreement for tungsten oxide plant in South Korea

SKS Technologies wins US$90M award to supply power to international hyperscale data centre in Melbourne

ASX hits all time high out the gate on Friday trades following bullish US inflation data

Bitcoin investors need to know the risks

Nimy to raise $1.21M to explore 'newsy' WA targets

Infini soars 50% as company reveals it could’ve just made uranium history – redefining what it means to be “high grade”

Week 27 Wrap: ASX hits all time high; CBA shares' two realities; US inflation hits 3% ahead of China plenum

Immutep reports strong response rate from immunotherapies treating carcinomas

BHP dips as WA nickel suspended after A$6B hit; losses eased by US CPI and forewarning

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